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PREMISES AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2021

PREMISES AND EQUIPMENT

Schedule of premises and equipment

​

​	​	​	​	​	​	​
​	​	December 31,
(Dollars in thousands)	​	2021		​	2020
Land	​	$	1,732	​	$	1,443
Buildings and improvements	​		6,013	​		5,058
Furniture, fixtures and equipment	​		1,763	​		1,514
Automobiles	​		92	​		122
Renovation in process	​		13	​		5
Total premises and equipment	​		9,613	​		8,142
Accumulated depreciation	​		(3,036)	​		(2,653)
Total premises and equipment, net	​	$	6,577	​	$	5,489

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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