Premises and Equipment

12 Months Ended

Dec. 31, 2019

Premises and Equipment

Premises and Equipment

Note G - Premises and Equipment –

Major classes of premises and equipment at December 31 are summarized as follows:

	Estimated
(Dollars in thousands)	Life	2019		2018
Land		$	1,570	$	1,570
Construction in Progress			927		—
Buildings	25 - 39 Years		5,595		5,601
Furniture and Fixtures	3 - 10 Years		795		776
			8,887		7,947
Less Accumulated Depreciation			3,030		2,810
		$	5,857	$	5,137

The provision for depreciation charged to operating expenses was $221,000 and $205,000 for the years ended December 31, 2019 and 2018, respectively.