Note 5 - Premises and Equipment

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE

5

— PREMISES AND EQUIPMENT

Major classifications of premises and equipment are summarized as follows:

( in thousands)	DECEMBER 31,
	201 9			201 8
Land	$	5,195		$	5,195
Building		10,013			9,962
Leasehold improvements		5,064			5,039
Furniture, fixtures, and equipment		8,707			8,279
Branch construction work-in-process		928			47
		29,907			28,522
Less accumulated depreciation		(14,678	)		(13,585	)
	$	15,229		$	14,937

Depreciation expense was

$1,091,000

and

$1,187,000

for the years ended

December 31, 2019

and

2018,

respectively.