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Premises and Equipment

12 Months Ended

Dec. 31, 2019

Property Plant And Equipment [Abstract]

Premises and Equipment

8. PREMISES AND EQUIPMENT  

Premises and equipment and applicable depreciable lives are summarized as follows:

		December 31,
		2019				2018
		(Dollars in Thousands)
Land		$	6,407			$	6,407
Premises (40 years)			28,387				25,855
Furniture, fixtures and equipment (3-7 years)			16,942				16,043
Total			51,736				48,305
Less accumulated depreciation			(22,570	)			(21,437	)
			29,166				26,868
Construction in progress			50				775
Total		$	29,216			$	27,643

Depreciation expense of $1.6 million and $1.5 million was recorded in 2019 and 2018, respectively.

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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