Bank Premises, Furniture, Fixtures and Equipment

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Bank Premises, Furniture, Fixtures and Equipment

Note 5. Bank Premises, Furniture, Fixtures and Equipment

Bank premises, furniture, fixtures and equipment consist of the following at December 31, 2018 and December 31, 2017:

	2018		2017
Land and buildings	$	27,051,942	$	27,610,855
Furniture, fixtures and equipment		6,012,214		15,954,422
		33,064,156		43,565,277
Less accumulated depreciation		13,346,851		22,993,726
Total	$	19,717,305	$	20,571,551

Certain items within furniture, fixtures and equipment were deemed to be fully depreciated and no longer in use and were purged from furniture, fixtures and equipment during 2018.

Depreciation expense for the years ended December 31, 2018, 2017 and 2016, respectively, was $936,632, $1,003,381, and $980,514.