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PREMISES AND EQUIPMENT
 12 Months Ended
Dec. 31, 2019
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):

 

 

 

 

 

 

 

 

 

 

    

2019

    

2018

 

 

 

 

 

 

 

 

 

Land

 

$

4,349

 

$

4,417

 

Buildings and improvements

 

 

26,711

 

 

23,283

 

Furniture, fixtures, and equipment

 

 

15,483

 

 

13,428

 

Construction in progress

 

 

1,555

 

 

540

 

Total cost basis

 

 

48,098

 

 

41,668

 

Less - accumulated depreciation

 

 

24,490

 

 

18,885

 

 

 

 

 

 

 

 

 

Net book value

 

$

23,608

 

$

22,783

 

 

Depreciation of premises and equipment charged to operating expenses amounted to $2.684 million in 2019 and $2.432 million in 2018.