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Premises and Equipment

12 Months Ended

Dec. 31, 2019

Premises and Equipment [Abstract]

Premises and Equipment Text Block

NOTE 6: PREMISES AND EQUIPMENT

Premises and equipment at December 31, 2019 and 2018 is presented below

						December 31
(Dollars in thousands)					2019			2018
Land and improvements					$	9,874			8,444
Buildings and improvements						10,094			9,871
Furniture, fixtures, and equipment						3,109			2,953
	Total premises and equipment					23,077			21,268
Less: accumulated depreciation						(8,334)			(7,672)
	Premises and equipment, net				$	14,743			13,596

Depreciation expense was approximately $662 thousand and $435 thousand for the years ended December 31, 2019 and 2018, respectively, and is a component of net occupancy and equipment expense in the consolidated statements of earnings.

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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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