XML 29 R16.htm IDEA: XBRL DOCUMENT v3.22.0.1
Bank Premises and Equipment
12 Months Ended
Dec. 31, 2021
Property Plant And Equipment [Abstract]  
Bank Premises and Equipment

(7)

Bank Premises and Equipment

At December 31, 2021 and 2020, bank premises and equipment are as follows:

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

2021

 

 

2020

 

Land

 

$

5,546

 

 

$

4,333

 

Buildings

 

 

23,462

 

 

 

19,863

 

Furniture, fixtures, and equipment

 

 

16,639

 

 

 

13,890

 

Leasehold improvements

 

 

1,987

 

 

 

1,680

 

Construction in progress

 

 

3,019

 

 

 

351

 

Total cost

 

 

50,653

 

 

 

40,117

 

Less accumulated depreciation

 

 

(17,421

)

 

 

(15,231

)

Total bank premises and equipment

 

$

33,232

 

 

$

24,886

 

 

 

The construction in progress as of December 31, 2021 consisted primarily of computer equipment upgrades to be placed in service at offices acquired during the Riverview merger, as well as some facility renovations in process of completion at year-end.  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.

 

Depreciation expense was $3,316,000 in 2021, $3,204,000 in 2020, and $2,815,000 in 2019.