PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

Premises and equipment are comprised of the following as of December 31:

(dollars in thousands)	2023		2022
Land	$	11,559	$	12,944
Building	38,567		37,718
Furniture, fixtures and equipment	20,670		19,524
Leasehold improvements	1,384		1,099
Construction in progress	182		942
Total cost	72,362		72,227
Accumulated depreciation	(32,492)		(30,621)
Total premises and equipment	$	39,870	$	41,606

Depreciation charged to operations totaled $2.4 million in 2023 and $2.7 million in 2022. Construction in progress consists of building and land improvements to five of the Company's bank branches and equipment improvements at three of the Company's bank branches. Costs to complete these projects is expected not to exceed $72,000.