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4. Premises and Equipment
12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
Premises and Equipment

 

Major classifications of premises and equipment at December 31, 2017 and 2016 are summarized as follows:

 

(Dollars in thousands)            
    2017     2016  
             
Land   $ 3,700       3,670  
Buildings and improvements     19,312       16,398  
Furniture and equipment     21,115       19,996  
Construction in process     847       -  
                 
Total premises and equipment     44,974       40,064  
                 
Less accumulated depreciation     25,063       23,612  
                 
Total net premises and equipment   $ 19,911       16,452  

 

The Company recognized approximately $2.1 million in depreciation expense for the year ended December 31, 2017. Depreciation expense was approximately $2.1 million and $2.4 million for the years ended December 31, 2016 and 2015, respectively.