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PREMISES AND EQUIPMENT

12 Months Ended

Mar. 31, 2020

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

6. PREMISES AND EQUIPMENT

Premises and equipment consisted of the following at the dates indicated (in thousands):

		March 31,
		2020			2019
Land		$	4,531		$	4,531
Buildings and improvements			15,356			15,349
Leasehold improvements			1,666			1,666
Furniture and equipment			10,819			10,694
Building under finance lease			2,956			2,956
Construction in progress			3,245			733
Total			38,573			35,929
Less accumulated depreciation and amortization			(21,495)			(20,471)
Premises and equipment, net		$	17,078		$	15,458

Depreciation and amortization expense was $1.3 million, $1.1 million and $1.2 million for the years ended March 31, 2020, 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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