PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

Premises and equipment at December 31, 2019 and 2018 are as follows (in thousands):

	2019		2018
Land	$	4,803	$	4,803
Buildings	41,408		41,332
Projects in progress	113		31
Equipment and furniture	37,007		38,008
Leasehold improvements	5,757		6,174
	89,088		90,348
Less accumulated depreciation and amortization	66,671		65,368
Net book value	$	22,417	$	24,980

Depreciation expense was $3.1 million, $3.4 million and $3.7 million for 2019, 2018, and 2017, respectively.

Capital Leases

The Corporation leases certain buildings under capital leases.  The lease arrangements require monthly payments through 2036.

The Corporation has included these leases in premises and equipment as follows:

	2019			2018
Buildings	$	5,572		$	5,572
Accumulated depreciation	(1,541		)	(1,208		)
Net book value	$	4,031		$	4,364