PREMISES & EQUIPMENT

12 Months Ended

Dec. 31, 2022

PREMISES & EQUIPMENT [Abstract]

PREMISES & EQUIPMENT

6. PREMISES & EQUIPMENT

Premises and equipment at December 31, 2022 and 2021 are summarized as follows (in thousands):

	December 31,
	2022		2021
Land	$	5,667	$	5,462
Buildings		20,997		20,094
Furniture, fixtures and equipment		7,512		7,275
Construction in process		151		67
		34,327		32,898
Less: accumulated depreciation		16,708		15,882
Premises and equipment, net	$	17,619	$	17,016

Depreciation expense amounted to $877,000, $922,000 and $921,000 for 2022, 2021 and 2020, respectively.