Note 7 - Premises and Equipment

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE

7.

PREMISES AND EQUIPMENT

The following table presents the major components of premises and equipment at

December 31, 2018

and

2017.

(Amounts in thousands)
Premises and Equipment	2018			2017
Land	$	2,063		$	2,063
Land improvements		241			241
Bank buildings		13,076			12,976
Furniture, fixtures and equipment		12,682			12,639
Software		1,624			1,634
Assets not yet placed in service		72			337
Total premises and equipment		29,758			29,890
Less: accumulated depreciation and amortization		(16,639	)		(15,142	)
Premises and equipment, net	$	13,119		$	14,748

We record depreciation expense on a straight-line basis for all depreciable assets. Depreciation expense totaled

$1.7

million,

$2.1

million, and

$1.9

million, for the years ended

December 31, 2018,

2017

and

2016,

respectively. We have entered into a number of non-cancelable lease agreements with respect to various premises. See Note

15,

Commitments and Contingencies

in these

Notes to Consolidated Financial Statements

for more information regarding rental expense, rent income and minimum annual rental commitments under non-cancelable lease agreements.