Bank Premises and Equipment

12 Months Ended

Dec. 31, 2020

Bank Premises and Equipment

Note 7. Bank Premises and Equipment

Note 7. Bank Premises and Equipment

The major classes of bank premises and equipment and accumulated depreciation and amortization at December 31 were as follows:

	2020			2019
Buildings and improvements	$	10,421,580		$	10,575,514
Land and land improvements		2,663,549			2,650,671
Furniture and equipment		5,307,533			6,848,263
Leasehold improvements		824,605			1,161,073
Finance lease		588,347			588,347
Operating leases		1,417,859			1,490,779
Other prepaid assets		181,627			159,914
		21,405,100			23,474,561
Less accumulated depreciation and amortization		(11,195,231	)		(12,515,158	)
Net bank premises and equipment	$	10,209,869		$	10,959,403