Property and Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment and estimated useful lives at December 31 are summarized as follows:

(in thousands)	2019			2018
Land	$	1,413		$	1,413
Office buildings and improvements (25 years)	4,511			4,492
Furniture, fixtures and equipment (3 to 10 years)	14,982			14,148
Automobiles (3 years)	1,048			935
Total	21,954			20,988
Less accumulated depreciation	(12,178		)	(10,684		)
Property and equipment, net	$	9,776		$	10,304

Included within furniture, fixtures and equipment is software developed by the Company for internal use. Capitalized costs include both direct and indirect costs, such as payroll costs of employees associated with developing software, incurred during the software development stage.