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Premises and Equipment
12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Premises and Equipment Premises and Equipment

Premises and equipment are carried at cost and consist of the following:

As of December 31,
2018
 
2017
Land
$
4,852,000

 
$
4,639,000

Land improvements
1,105,000

 
1,052,000

Buildings
22,301,000

 
22,254,000

Equipment
12,461,000

 
13,147,000

 
40,719,000

 
41,092,000

Less accumulated depreciation
18,663,000

 
18,590,000

 
$
22,056,000

 
$
22,502,000



Future minimum receipts under lease agreements at December 31, 2018 for each of the next five years and in the aggregate are:
2019

$141,000

2020
101,000

2021
97,000

2022
94,000

2023
9,000

Thereafter

 

$442,000