Bank Premises and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Bank Premises and Equipment

Note 5 Bank Premises and Equipment

The major categories of bank premises and equipment, net of accumulated depreciation, at December 31 were as follows:

(Dollars in thousands)	2022		2021
Land	$	18,746	$	19,921
Building and premises	101,478		101,234
Furniture, fixtures and equipment	37,913		36,319
Total bank premises and equipment	158,137		157,474
Accumulated depreciation	(75,203)		(68,214)
Net book value	$	82,934	$	89,260

Peoples depreciates its building and premises, and furniture, fixtures and equipment over estimated useful lives generally ranging from five to forty to years and two to ten years, respectively.  Depreciation expense was $7.0 million in 2022 and $6.1 million in 2021.