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Note 6 - Premises and Equipment | 12 Months Ended
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Dec. 31, 2021
Notes to Financial Statements |
Property, Plant and Equipment Disclosure [Text Block] |
Note 6. | Premises and Equipment
At December 31, 2021 and 2020, premises and equipment consisted of the following:
(In thousands) |  | December 31, |
|  | 2021 |  |  | 2020 |
Land |  | $ | 12,819 |  |  | $ | 12,819 |
Buildings |  |  | 19,046 |  |  |  | 20,287 |
Leasehold Improvements |  |  | 3,058 |  |  |  | 4,024 |
Furniture, equipment, and software |  |  | 12,264 |  |  |  | 12,010 |
Construction-in-progress |  |  | 65 |  |  |  | 62 |
Premises and equipment, gross |  |  | 47,252 |  |  |  | 49,202 |
Accumulated depreciation and amortization |  |  | (15,752 | ) |  |  | (15,779 | )
Premises and equipment, net |  | $ | 31,500 |  |  | $ | 33,423 |
In December 2021, the Bank sold a building located in the City New Haven, Connecticut for a cash proceed of $1.5 million, and recognized a gain of $550,000, which is included in other income of the consolidated statements of operations. For the years ended December 31, 2021, 2020 and 2019, depreciation and amortization expense related to premises and equipment totaled $1.4 million, $1.5 million, and $1.6 million, respectively.

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