Premises and Equipment

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Premises and Equipment

4. PREMISES AND EQUIPMENT

The amounts reported as bank premises and equipment at December 31, 2018 and 2017, are as follows:

	2018			2017
Land	$	3,842,146		$	3,846,146
Buildings		15,411,518			12,821,154
Furniture and equipment		10,767,592			9,442,378
Construction in process		4,892			1,074,744
		30,026,148			27,184,422
Less accumulated depreciation		(15,452,174	)		(14,934,904	)
Total	$	14,573,974		$	12,249,518

Depreciation of premises and equipment was $1,036,986, $881,000, and $923,578 in 2018, 2017, and 2016, respectively. The Corporation depreciates its long-lived assets on various methods over their estimated productive lives, as more fully described in Note 1, Summary of Significant Accounting Policies.