Premises and Equipment

12 Months Ended

Dec. 31, 2022

Premises and Equipment

Premises and Equipment

(4) Premises and Equipment

Major classifications of premises and equipment at December 31, 2022 and 2021 are summarized as follows:

(Dollars in thousands)
	2022			2021
Land	$	3,851			3,857
Buildings and improvements		18,371			18,359
Furniture and equipment		26,156			25,420
Construction in process		3,028			-
Total premises and equipment		51,406			47,636
Less accumulated depreciation		(33,201	)		(31,532	)
Total net premises and equipment	$	18,205			16,104

The Bank recognized depreciation expense totaling $2.4 million, $2.6 million and $2.5 million for the years ended December 31, 2022, 2021 and 2020, respectively. 

The Bank had $85,000 net losses on the sale of and write-downs on premises and equipment for the year ended December 31, 2022.  The Bank had $105,000 net gains on the sale of and write-downs on premises and equipment for the year ended December 31, 2021.  The Bank had no gains or losses on the sale of or write-downs on premises and equipment for the year ended December 31, 2020.