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Premises and Equipment

12 Months Ended

Dec. 31, 2019

Premises and Equipment [Abstract]

Premises and Equipment

NOTE 5 - PREMISES AND EQUIPMENT

Components of premises and equipment at December 31 are as follows:







	2019			2018
	(In Thousands)
Land and improvements	$	2,806		$	2,832
Buildings and improvements		17,914			17,788
Furniture and equipment		8,164			7,171
		28,884			27,791
Accumulated depreciation		(14,656)			(13,945)

	$	14,228		$	13,846



Depreciation expense totaled $1,005,000 and $895,000 for the years ended December 31, 2019 and 2018, respectively.



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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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