PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

Major categories of property and equipment are summarized as follows:

($ in thousands)	March 31, 2021		December 31, 2020
Building and improvements	$	3,491	$	3,491
Electronic data processing equipment	1,502		1,498
Furniture and fixtures	483		483
	5,476		5,472
Less accumulated depreciation	3,925		3,900
Property and equipment, net	$	1,551	$	1,572

Depreciation expense for the three months ended March 31, 2021 was $24,000 ($109,000 for the year ended December 31, 2020).