The fretwear can be clearly seen ~ a common occurrence on frets 1-5 that can be easily remedied with a fret dress or partial refret. In this case, there's plenty of meat left on these frets to endure a lot more before a refret is necessary.
This fretboard is actually bound ~ you can see a sliver of a gap in this area of the fretboard alone where some contraction in the wood has caused slight separation. A very typical condition that is tough to avoid on a hard working instrument that is exposed to a variety of climates. In this particular case, it's not a concern as it doesn't effect the integrity at all. Once again, regular treatment with lemon oil when re-stringing and keeping it out of the cold will prevent this from becoming a serious problem.
After a fret dress and polish, this guitar was back in business ~ appearing live at a venue near you!