Premises And Equipment

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Premises and Equipment

PREMISES AND EQUIPMENT

Land is carried at cost, while premises and equipment are stated at cost less accumulated depreciation.  Depreciation is computed primarily by the straight-line method for premises and equipment over the estimated useful lives of the assets.  The estimated useful lives employed are on average 30 years for premises and 3 to 10 years for furniture and equipment.  Repairs and maintenance expenditures are charged to operating expenses as incurred.  Major improvements and additions to premises and equipment, including construction period interest costs, are capitalized.  No interest was capitalized during 2018, 2017, or 2016.

The major categories of premises and equipment and accumulated depreciation at December 31, 2018 and 2017 are summarized as follows:

Dollars in thousands	2018		2017
Land	$	10,415	$	10,061
Buildings and improvements	32,283		29,620
Furniture and equipment	19,783		17,842
	62,481		57,523
Less accumulated depreciation	24,928		23,314
Total premises and equipment, net	$	37,553	$	34,209

Depreciation expense for the years ended December 31, 2018, 2017 and 2016 approximated $2.17 million, $1.89 million and $1.22 million, respectively.