Property and Equipment

12 Months Ended

Dec. 31, 2020

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)	2020		2019
Land	$	1,413	$	1,413
Office buildings and improvements (25 years)	4,621		4,511
Furniture, fixtures and equipment (3 to 10 years)	17,902		14,982
Automobiles (3 years)	1,058		1,048
Total	24,994		21,954
Less accumulated depreciation	(13,834)		(12,178)
Property and equipment, net	$	11,160	$	9,776

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.