Note 4 - Premises and Equipment, Net

3 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

4.

     

PREMISES AND EQUIPMENT, NET

Premises and equipment are comprised of the following:

	March 31,		December 31,
	2017		2016
Land and improvements	$	17,665,000	$	17,285,000
Buildings		39,836,000		39,691,000
Furniture and equipment		17,719,000		17,195,000
		75,220,000		74,171,000
Less: accumulated depreciation		29,372,000		28,715,000
Premises and equipment, net	$	45,848,000	$	45,456,000

Depreciation expense totaled

$0.7

million during the

first

quarter of

2017

and

2016.