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PREMISES & EQUIPMENT
12 Months Ended
Dec. 31, 2018
PREMISES & EQUIPMENT [Abstract]  
PREMISES & EQUIPMENT
6. PREMISES & EQUIPMENT
Premises and equipment at December 31, 2018 and 2017 are summarized as follows (in thousands):



 
 
December 31,
 
 
 
2018
  
2017
 
Land
 
$
5,110
  
$
5,110
 
Buildings
  
17,496
   
17,402
 
Furniture, fixtures and equipment
  
6,798
   
6,698
 
Construction in process
  
300
   
16
 
 
  
29,704
   
29,226
 
Less: accumulated depreciation
  
13,431
   
12,703
 
Premises and equipment, net
 
$
16,273
  
$
16,523
 

Depreciation expense amounted to $751,000, $776,000 and $763,000 for 2018, 2017 and 2016, respectively.