Premises And Equipment

12 Months Ended

Dec. 31, 2019

Premises And Equipment [Abstract]

Premises And Equipment

Note 7. Premises and Equipment

At December 31, premises and equipment consisted of:

(Dollars in thousands)	Estimated Life	2019		2018
Land		$	3,218	$	2,909
Buildings and leasehold improvements	15 - 30 years, or lease term		24,713		24,522
Furniture, fixtures and equipment	3  - 10 years		13,425		12,471
Total cost			41,356		39,902
Less: Accumulated depreciation			(27,505)		(26,381)
Net premises and equipment		$	13,851	$	13,521

The following table shows the amount of depreciation for the years ended December 31:

	2019		2018
Depreciation expense	$	1,259	$	1,232

The Corporation is in negotiation to purchase a building for a new headquarters facility.  If the negotiation is successful, the current headquarters building will be sold in 2020.