Office Property And Equipment

12 Months Ended

Dec. 31, 2018

Office Property and Equipment [Abstract]

Office Property And Equipment

(5)  OFFICE PROPERTY AND EQUIPMENT

	Estimated	December 31
(Dollars in thousands)	Useful Lives	2018		2017
Land		$	840	$	840
Buildings and leasehold improvements	5-31.5 years		13,129		13,063
Furniture, fixtures and equipment	2-20 years		16,811		16,658
Total cost			30,780		30,561
Less accumulated depreciation			(23,144)		(21,912)
Office property and equipment, net		$	7,636	$	8,649

Amounts charged to furniture and equipment for depreciation amounted to $1.2 million for both years ended December 31, 2018 and 2017.

The Bank leases office space from Headwaters Associates (“Headwaters”), a Pennsylvania general partnership for which Mary D. Latoff (a director of DNB and the sole beneficiary of the Marital Trust created under Will of William S. Latoff), has been one of two general partners since January 1, 2017. Pursuant to the terms of the Lease, the Bank paid Headwaters an aggregate of $496,000 in 2018, and $530,000 in 2017. As a general partner of Headwaters, Mary Latoff received $248,000 and $265,000 in 2018 and 2017, respectively, as a result of the lease.