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Office Properties and Equipment, net
 12 Months Ended
Dec. 31, 2019
Office Properties and Equipment, net  
Office Properties and Equipment, net

Note 5 – Office Properties and Equipment, net

 

Year-end office properties and equipment were as follows:

 

 

 

 

 

 

 

 

 

    

2019

    

2018

 

 

(In thousands)

Land

 

$
572

 

$

572

Office buildings and improvements

 

 
3,268

 

 

3,264

Rights of use assets

 

 
727

 

 

 —

Furniture, fixtures and equipment

 

 
1,831

 

 

1,794

 

 

 
6,398

 

 

5,630

Less accumulated depreciation

 

 
(3,615)

 

 

(3,388)

Office properties and equipment, net

 

$
2,783

 

$

2,242

 

Depreciation expense was $227 thousand and $241 thousand for the years 2019 and 2018, respectively.