Premises and Equipment

9 Months Ended

Sep. 30, 2018

Property Plant And Equipment [Abstract]

Premises and Equipment

Note 5. Premises and equipment

The Company’s premises and equipment consisted of the following at September 30, 2018 and December 31, 2017:

	September 30, 2018			December 31, 2017
Leasehold improvements	$	5,502,369		$	5,061,520
Furniture and fixtures		2,780,563			2,492,623
Equipment and others		1,981,034			1,677,175
Total cost		10,263,966			9,231,318
Accumulated depreciation		(5,506,487	)		(4,750,526	)
Net book value	$	4,757,479		$	4,480,792

Total depreciation expense included in occupancy and equipment expenses was $274,391, and $249,099 for the three months ended September 30, 2018 and 2017, and $762,383 and $766,848 for the nine months ended September 30, 2018 and 2017, respectively.