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Bank Premises and Equipment
12 Months Ended
Dec. 31, 2020
Property Plant And Equipment [Abstract]  
Bank Premises and Equipment

(8)

Bank Premises and Equipment

At December 31, 2020 and 2019, bank premises and equipment are as follows:

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

2020

 

 

2019

 

Land

 

$

4,333

 

 

$

3,911

 

Buildings

 

 

19,863

 

 

 

18,141

 

Furniture, fixtures, and equipment

 

 

13,890

 

 

 

12,491

 

Leasehold improvements

 

 

1,680

 

 

 

1,486

 

Construction in progress

 

 

351

 

 

 

2,001

 

Total cost

 

 

40,117

 

 

 

38,030

 

Less accumulated depreciation

 

 

(15,231

)

 

 

(13,093

)

Total bank premises and equipment

 

$

24,886

 

 

$

24,937

 

 

The construction in progress as of December 31, 2020 consisted primarily of computer equipment upgrades to be placed in service at Mid Penn’s offsite disaster recovery location, as well as some facility renovations in process of completion at year-end.  The construction in progress as of December 31, 2019 included furniture and fixtures, computer equipment, and facility improvements associated with a commercial building in Harrisburg, Pennsylvania that will serve as a central training and meeting facility for Mid Penn.  The renovations were substantially completed in January 2020 and Mid Penn employees took occupancy at that time.  

 

Depreciation expense was $3,204,000 in 2020, $2,815,000 in 2019, and $2,395,000 in 2018.