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Note 5 - Premises and Equipment | 12 Months Ended
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Dec. 31, 2019
Notes to Financial Statements |
Property, Plant and Equipment Disclosure [Text Block] |
( 5 ) |  | PREMISES AND EQUIPMENT
Premises and equipment as of December 31, 2019 and 2018 consisted of the following:
(In thousands) |  | 2019 |  | 2018
Land and land improvements |  | $ | 5,297 |  |  | $ | 5,297 |
Leasehold improvements |  |  | 134 |  |  |  | 134 |
Office buildings |  |  | 16,124 |  |  |  | 14,028 |
Furniture, fixtures and equipment |  |  | 6,689 |  |  |  | 6,135 |
|  |  | 28,244 |  |  |  | 25,594 |
Less accumulated depreciation |  |  | 11,830 |  |  |  | 11,230 |
Totals |  | $ | 16,414 |  |  | $ | 14,364 |
Depreciation expense was $923,000, $1.1 million and $1.1 million for the years ended December 31, 2019, 2018 and 2017, respectively.

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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 + Details
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