Premises and Equipment

12 Months Ended

Dec. 31, 2021

Premises and Equipment [Abstract]

Premises and Equipment Text Block

NOTE 6: PREMISES AND EQUIPMENT

Premises and equipment at December 31, 2021 and 2020 is presented below

 .

December 31

(Dollars in thousands)

2021

2020

Land and improvements

$

9,830

9,829

Buildings and improvements

16,124

7,436

Furniture, fixtures, and equipment

3,096

2,715

Construction in progress

19,277

8,171

Total premises and equipment

48,327

28,151

Less: accumulated depreciation

(6,603)

(5,958)

Premises and equipment, net

$

41,724

22,193

Depreciation expense was approximately $

644

 thousand and $

905

 thousand for the years ended December 31, 2021 and

2020, respectively, and is a component of net occupancy and equipment expense in the consolidated statements of earnings.