Note 7 - Premises and Equipment

12 Months Ended

Dec. 31, 2019

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 9			December 31, 201 8
Land	$	18,991		$	15,957
Buildings		58,917			49,204
Leasehold improvements		29,898			20,396
Furniture, fixtures and equipment		29,067			21,430
Construction in progress		13,728			8,041
		150,601			115,028
Less accumulated depreciation		(33,645	)		(27,367	)
Net premises and equipment	$	116,956		$	87,661

Depreciation expense on premises and equipment amounted to approximately

$6.5

million,

$5.4

million, and

$4.6

million in

2019,

2018,

and

2017,

respectively. The construction in progress balance of

$13.7

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

$5.7

million represents land purchased and land deposits for

five

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

$5.3

million as of

December 31, 2019.