Premises and Equipment

12 Months Ended

Dec. 31, 2019

Premises and Equipment

Premises and Equipment

Note 7 - Premises and Equipment –

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

(in thousands)	2019		2018
Land	$	166	$	166
Building		970		1,019
Furniture, Fixtures and Equipment		525		794
Automobiles		93		93
		1,754		2,072
Less Accumulated Depreciation and Amortization		(1,050)		(1,305)
	$	704	$	767

Depreciation and amortization of premises and equipment amounted to $84,000 and $41,000 in 2019 and 2018, respectively.