PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2022

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

NOTE 4 — PREMISES AND EQUIPMENT

Premises and equipment at December 31, 2022 and 2021 is as follows:

(Dollars in thousands)

	Estimated Useful
	Life (in years)	2022		2021
Land	N/A	$	3,744	$	3,744
Buildings	5-40		22,114		20,929
Leasehold improvements	1-20		335		193
Equipment	3-25		7,937		8,031
			34,130		32,897
Less:  Accumulated depreciation			15,106		14,739
Total		$	19,024	$	18,158

Depreciation amounted to $1,026,000 for 2022 and $1,008,000 for 2021 in the consolidated statements of income.