Annual report pursuant to Section 13 and 15(d)

PREMISES AND EQUIPMENT - NET (Tables)

v3.20.4
PREMISES AND EQUIPMENT - NET (Tables)
12 Months Ended
Dec. 31, 2020
PREMISES AND EQUIPMENT - NET [Abstract]  
Premises and Equipment
Year-end premises and equipment were as follows (dollars in thousands):

   
2020
   
2019
 
Land
 
$
15,861
   
$
15,861
 
Building
   
44,685
     
44,283
 
Leasehold improvements
   
263
     
263
 
Furniture and equipment
   
21,483
     
21,230
 
Construction in progress
   
16
     
124
 
     
82,308
     
81,761
 
Less accumulated depreciation
   
(39,054
)
   
(38,344
)
   
$
43,254
   
$
43,417
 
Future Minimum Rental Expense under Noncancelable Operating Leases
Future minimum rental expense under noncancelable operating leases as of December 31, 2020 is as follows (dollars in thousands):

2021
 
$
411
 
2022
   
244
 
2023
   
185
 
2024
   
146
 
2025
   
110
 
Thereafter
   
 
   
$
1,096