Note 7 - Office Properties and Equipment

6 Months Ended

Jun. 30, 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 June 30, 2016 and December 31, 2015 (in thousands):

	June 30, 2016			December 31, 2015
Land and land improvements	$	10,986		$	12,701
Buildings and improvements		47,969			53,742
Furniture and equipment		13,576			13,372
Automobiles and other		841			823
Total		73,372			80,638
Accumulated depreciation		(17,263	)		(16,997	)
Office properties and equipment—net	$	56,109		$	63,641

Depreciation expense for the six months ended June 30, 2016 and 2015 was approximately $2.0 million and $1.3 million, respectively.

At June 30, 2016, office properties and equipment held for sale included 10 properties with a carrying value of $6.7 million. Office properties held for sale are carried at the lower of carrying amount or fair value less estimated costs to sell. An impairment charge of $0.3 million was recognized on these properties during the quarter ended June 30, 2016.