Premises And Equipment

12 Months Ended

Dec. 31, 2020

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	2020		2019
Land		$	3,337	$	3,218
Buildings and leasehold improvements	15 - 30 years, or lease term		24,841		24,713
Furniture, fixtures and equipment	3 - 10 years		13,274		13,425
Total cost			41,452		41,356
Less: Accumulated depreciation			(28,347)		(27,505)
Net premises and equipment		$	13,105	$	13,851

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

	2020		2019
Depreciation expense	$	1,230	$	1,259

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 2021.