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Premises and Equipment

12 Months Ended

Dec. 31, 2021

Property Plant And Equipment [Abstract]

Premises and Equipment

(5) Premises and Equipment

Premises and equipment at December 31, 2021 and 2020 are summarized as follows: (in thousands)

		December 31, 2021				December 31, 2020
Land		$	373			$	935
Buildings			4,280				9,165
Leasehold improvements			535				527
Equipment and furniture			2,755				5,334
Construction in process			291				158
Automobile			66				66
			8,300				16,185
Less: Accumulated depreciation			4,517				7,568
		$	3,783			$	8,617

Depreciation expense was approximately $950,000 and $957,000 for the years ended December 31, 2021 and 2020, respectively.

The Company is obligated under non-cancelable operating leases for certain of its facilities and related land. At December 31, 2021, 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,
2022		$	450
2023			588
2024			602
2025			618
2026			636
Thereafter			298
Total		$	3,192

Total rent expense for leased property approximated $663,000 and $381,000 for the year ended December 31, 2021 and 2020, 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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