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

Major classifications of premises and equipment at December 31, 2018 and 2017 are summarized as follows:

 

(Dollars in thousands)      
   2018  2017
       
Land  $3,456    3,700 
Buildings and improvements   19,357    19,312 
Furniture and equipment   22,315    21,115 
Construction in process   381    847 
           
Total premises and equipment   45,509    44,974 
           
Less accumulated depreciation   27,059    25,063 
           
Total net premises and equipment  $18,450    19,911 

 

The Company recognized approximately $2.3 million in depreciation expense for the year ended December 31, 2018. Depreciation expense was approximately $2.1 million and $2.1 million for the years ended December 31, 2017 and 2016, respectively.

 

The Company had $544,000 net gains on the sale of premises and equipment for the year ended December 31, 2018, which was primarily due to the sale of a Bank building that housed primarily administrative staff. Staff working at this location have been relocated to other Bank locations.