Note 7 - Premises and Equipment

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

7

.

Premises and Equipment

A summary of premises and equipment is as follows:

(dollars in thousands)	December 31, 201 7			December 31, 201 6
Land	$	12,711		$	10,170
B uildings		40,519			25,693
Leasehold improvements		20,477			20,236
Furniture, fixtures and equipment		18,521			15,006
Construction in progress		4,961			3,734
		97,189			74,839
Less accumulated depreciation		(22,242	)		(17,799	)
Net premises and equipment	$	74,947		$	57,040

De

preciation expense on premises and equipment amounted to approximately

$4.6

million,

$3.5

million, and

$3.1

million in

2017,

2016,

and

2015,

respectively. The construction in progress balance of

$5.0

million mainly represents costs incurred for the selection and development of future store locations. Of this balance,

$2.9

million represents land purchased and land deposits for

five

future store locations. Contractual construction commitments related to future store locations were

$8.5

million as of December

31,

2017

.