Annual report pursuant to Section 13 and 15(d)

PREMISES AND EQUIPMENT - NET

v3.22.4
PREMISES AND EQUIPMENT - NET
12 Months Ended
Dec. 31, 2022
PREMISES AND EQUIPMENT - NET [Abstract]  
PREMISES AND EQUIPMENT - NET
NOTE 7 – PREMISES AND EQUIPMENT – NET
 
Year-end premises and equipment were as follows (dollars in thousands):

   
2022
   
2021
 
Land
 
$
15,861
   
$
15,861
 
Building
   
44,879
     
44,701
 
Leasehold improvements
   
248
     
253
 
Furniture and equipment
   
18,055
     
21,732
 
Construction in progress
   
50
     
 
     
79,093
     
82,547
 
Less accumulated depreciation
   
(38,787
)
   
(40,774
)
   
$
40,306
   
$
41,773
 

Depreciation expense was $2.3 million and $2.5 million for 2022 and 2021, respectively.