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.