Office Properties and Equipment, net (FY)

12 Months Ended

Dec. 31, 2019

Office Properties and Equipment, net [Abstract]

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.