Annual report pursuant to Section 13 and 15(d)

Note 5 - Premises and Equipment

v3.20.4
Note 5 - Premises and Equipment
 12 Months Ended
Dec. 31, 2020
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,

  
   

2020

    

2019

  
   

(In Thousands)

  

Land

   $ 5,830     $ 5,830  

Building

     36,365       36,365  

Furniture and equipment

     27,466       26,153  

Leasehold improvements

     10,789       10,681  

Construction in progress

     867       23  

Total premises and equipment, cost

     81,317       79,052  

Accumulated depreciation

     (26,348 )     (22,556 )

Total premises and equipment, net

   $ 54,969     $ 56,496  

 

The provisions for depreciation charged to occupancy and equipment expense for the years ended December 31, 2020, 2019 and 2018 were $3.8 million, $3.7 million, and $3.4 million, respectively.