Premises and Equipment

12 Months Ended

Dec. 31, 2020

Premises and Equipment [Abstract]

Premises and Equipment Text Block

NOTE 6: PREMISES AND EQUIPMENT

Premises and equipment at December 31, 2020 and 2019 is presented below

 .

December 31

(Dollars in thousands)

2020

2019

Land and improvements

$

9,829

9,874

Buildings and improvements

7,436

9,987

Furniture, fixtures, and equipment

2,715

3,109

Construction in progress

8,171

107

Total premises and equipment

28,151

23,077

Less: accumulated depreciation

(5,958)

(8,334)

Premises and equipment, net

$

22,193

14,743

Depreciation expense was approximately $

905

 thousand and $

662

 thousand for the years ended December 31, 2020 and

2019, respectively, and is a component of net occupancy and equipment expense in the consolidated statements of earnings.