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Premises and Equipment

12 Months Ended

Dec. 31, 2020

Property Plant And Equipment [Abstract]

Premises and Equipment

(5) Premises and Equipment

Premises and equipment at December 31, 2020 and 2019 are summarized as follows: (in thousands)

		December 31, 2020				December 31, 2019
Land		$	935			$	1,416
Buildings			9,165				9,154
Leasehold improvements			527				—
Equipment and furniture			5,334				4,712
Construction in process			158				2
Automobile			66				123
			16,185				15,407
Less:  Accumulated depreciation			7,568				6,894
		$	8,617			$	8,513

Depreciation expense was approximately $957,000 and $756,000 for the years ended December 31, 2020 and 2019, respectively.

The Company is obligated under non-cancelable operating leases for certain of its facilities and related land. At December 31, 2020, the approximate minimum annual rentals under these non-cancelable agreements with remaining terms in excess of one year are as follows:  (in thousands)

Years ending December 31,
2021		$	459
2022		419
2023		367
2024		77
2025		26
Thereafter			—
Total		$	1,348

Total rent expense for leased property approximated $381,000 and $127,000 for the year ended December 31, 2020 and 2019, respectively.

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916

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