Annual report pursuant to Section 13 and 15(d)

Note 5 - Premises and Equipment

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Note 5 - Premises and Equipment
 12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 5.         PREMISES AND EQUIPMENT

 

Premises and equipment are summarized as follows:

 

   

December 31,

  
   

2021

    

2020

  
   

(In Thousands)

  

Land

   $ 5,830     $ 5,830  

Building

     38,261       36,365  

Furniture and equipment

     31,183       27,466  

Leasehold improvements

     13,400       10,789  

Construction in progress

     62       867  

Total premises and equipment, cost

     88,736       81,317  

Accumulated depreciation

     (28,436 )     (26,348 )

Total premises and equipment, net

   $ 60,300     $ 54,969  

 

The provisions for depreciation charged to occupancy and equipment expense for the years ended December 31, 2021, 2020 and 2019 were $4.1 million, $3.8 million, and $3.7 million, respectively.