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Premises and Equipment
 12 Months Ended
Dec. 31, 2019
Premises and Equipment  
Premises and Equipment

Note 8: Premises and Equipment

Major classifications of premises and equipment, stated at cost, are as follows:

 

 

 

 

 

 

 

 

 

December 31, 

 

    

2019

    

2018

 

 

(In thousands)

Land

 

$

3,072

 

$

3,072

Buildings

 

 

22,775

 

 

4,095

Building in progress

 

 

 —

 

 

8,272

Leasehold improvements

 

 

53

 

 

83

Furniture, fixtures and equipment

 

 

6,445

 

 

2,427

Total cost

 

 

32,345

 

 

17,949

Accumulated depreciation

 

 

(3,071)

 

 

(2,813)

Net premises and equipment

 

$

29,274

 

$

15,136