Annual report pursuant to Section 13 and 15(d)

PREMISES AND EQUIPMENT - NET (Tables)

v3.19.3.a.u2
PREMISES AND EQUIPMENT - NET (Tables)
12 Months Ended
Dec. 31, 2019
PREMISES AND EQUIPMENT - NET [Abstract]  
Premises and Equipment
Year-end premises and equipment were as follows (dollars in thousands):

   
2019
   
2018
 
Land
 
$
15,861
   
$
15,861
 
Building
   
44,283
     
43,912
 
Leasehold improvements
   
263
     
263
 
Furniture and equipment
   
21,230
     
20,176
 
Construction in progress
   
124
     
508
 
     
81,761
     
80,720
 
Less accumulated depreciation
   
(38,344
)
   
(35,858
)
   
$
43,417
   
$
44,862
 
Future Minimum Rental Expense under Noncancelable Operating Leases
Future minimum rental expense under noncancelable operating leases as of December 31, 2019 is as follows (dollars in thousands):

2020
 
$
331
 
2021
   
125
 
2022
   
111
 
2023
   
53
 
2024
   
14
 
Thereafter
   
 
   
$
634