Premises and Equipment (Details) - USD ($)	12 Months Ended
Dec. 31, 2019	Dec. 31, 2018
Premises and Equipment
Premises and equipment, gross	$ 1,754,000	$ 2,072,000
Less Accumulated Depreciation and Amortization	(1,050,000)	(1,305,000)
Premises and equipment, net	704,000	767,000
Depreciation and amortization	84,000	41,000
Land
Premises and Equipment
Premises and equipment, gross	166,000	166,000
Building
Premises and Equipment
Premises and equipment, gross	970,000	1,019,000
Furniture, Fixtures and Equipment
Premises and Equipment
Premises and equipment, gross	525,000	794,000
Automobiles
Premises and Equipment
Premises and equipment, gross	$ 93,000	$ 93,000

Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.

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The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.

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Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.

+ References

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