Annual report pursuant to Section 13 and 15(d)

Note 5 - Premises and Equipment

v3.19.3.a.u2
Note 5 - Premises and Equipment
12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 5.

PREMISES AND EQUIPMENT

 

Premises and equipment are summarized as follows:

 

   

December 31,

 
   

2019

   

2018

 
   

(In Thousands)

 

Land

  $ 5,830     $ 5,489  

Building

    36,365       36,337  

Furniture and equipment

    26,153       24,774  

Leasehold improvements

    10,681       10,190  

Construction in progress

    23       200  

Total premises and equipment, cost

    79,052       76,990  

Accumulated depreciation

    (22,556 )     (19,168 )

Total premises and equipment, net

  $ 56,496     $ 57,822  

 

The provisions for depreciation charged to occupancy and equipment expense for the years ended December 31, 2019, 2018 and 2017 were $3.7 million, $3.4 million and $2.6 million, respectively.