Note 7 - Office Properties and Equipment

3 Months Ended

Mar. 31, 2016

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

7. OFFICE PROPERTIES AND EQUIPMENT

Office properties and equipment consisted of the following as of March 31, 2016 and December 31, 2015 (in thousands):

	March 31, 2016			December 31, 2015
Land and land improvements	$	12,701		$	12,701
Buildings and improvements		53,906			53,742
Furniture and equipment		13,469			13,372
Automobiles and other		856			823
Total		80,932			80,638
Accumulated depreciation		(17,682	)		(16,997	)
Office properties and equipment—net	$	63,250		$	63,641

Depreciation expense for the three months ended March 31, 2016 and 2015 was approximately $938,000 and $622,000, respectively.