PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

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

	2022		2021
Land	$	4,674	$	4,710
Buildings	40,419		40,726
Projects in progress	82		5
Equipment and furniture	36,964		37,183
Leasehold improvements	4,874		5,318
	87,013		87,942
Less accumulated depreciation and amortization	70,900		69,973
Net book value	$	16,113	$	17,969

Depreciation expense was $2.2 million and $2.5 million for 2022 and 2021, respectively.

Capital Leases

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

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

	2022		2021
Buildings	$	5,572	$	5,572
Accumulated depreciation	(2,540)		(2,208)
Net book value	$	3,032	$	3,364