PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2017

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

NOTE 5 — PREMISES AND EQUIPMENT

Details of premises and equipment at December 31 are as follows (dollars in thousands):

	2017		2016
Land	$	2,998	$	2,566
Buildings and improvements		18,473		18,001
Furniture, fixtures, and equipment		11,178		9,142
Construction in progress		—		310
Total cost basis		32,649		30,019
Less - accumulated depreciation		16,359		14,128
Net book value	$	16,290	$	15,891

Depreciation of premises and equipment charged to operating expenses amounted to $1.978 million in 2017, $1.617 million in 2016, and $1.457 million in 2015.