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Premises and Equipment | 12 Months Ended
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Dec. 31, 2018
Premises and Equipment [Abstract] |
Premises and Equipment Text Block | NOTE 6: PREMISES AND EQUIPMENT Premises and equipment at December 31, 2018 and 2017 is presented below
|  |  |  |  |  | December 31
(Dollars in thousands) |  | 2018 |  | 2017
Land |  | $ | 7,473 |  |  | 7,473
Buildings and improvements |  |  | 10,438 |  |  | 10,394
Furniture, fixtures, and equipment |  |  | 3,357 |  |  | 3,161
| Total premises and equipment |  |  | 21,268 |  |  | 21,028
Less: accumulated depreciation |  |  | (7,672) |  |  | (7,237)
| Premises and equipment, net |  | $ | 13,596 |  |  | 13,791
Depreciation expense was approximately $435 thousand and $428 thousand for the years ended December 31, 2018 and 2017, respectively, and is a component of net occupancy and equipment expense in the consolidated statements of earnings.

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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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