Premises and Equipment

12 Months Ended

Dec. 31, 2021

Premises and Equipment [Abstract]

Premises and Equipment

11. Premises and Equipment

The following table presents the components of premises and equipment at December 31, 2021 and 2020:

(in thousands)	2021		2020
Land	$	6,953	$	6,953
Land Improvements		1,499		1,411
Premises		34,685		34,701
Furniture and Equipment		18,925		18,113
		62,062		61,178
Less accumulated depreciation		(27,365)		(24,315)
Total	$	34,697	$	36,863

The Corporation recorded depreciation expense of $3.3 million for each of the years ended December 31, 2021 and 2020.