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BANK PREMISES AND EQUIPMENT
12 Months Ended
Dec. 31, 2019
BANK PREMISES AND EQUIPMENT  
BANK PREMISES AND EQUIPMENT

NOTE 6 – BANK PREMISES AND EQUIPMENT

Bank premises and equipment are stated at cost less accumulated depreciation as of December 31 as follows:

 

 

 

 

 

 

 

 

 

    

2019

    

2018

 

 

(dollars in thousands)

Land, buildings, and improvements

 

$

75,878

 

$

75,168

Furniture, fixtures, and equipment

 

 

21,200

 

 

20,265

 

 

 

97,078

 

 

95,433

Less accumulated depreciation

 

 

43,091

 

 

40,697

Total bank premises and equipment, net

 

$

53,987

 

$

54,736

 

Depreciation expense by category for the years ended December 31 is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

    

Year Ended December 31, 

 

    

2019

    

2018

    

2017

 

 

(dollars in thousands)

Buildings and improvements

 

$

1,813

 

$

2,107

 

$

1,908

Furniture, fixtures, and equipment

 

 

896

 

 

1,112

 

 

1,384

Total depreciation expense

 

$

2,709

 

$

3,219

 

$

3,292