Note 5 - Premises and Equipment, Net

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE

5

- PREMISES AND EQUIPMENT, NET

Year-end premises and equipment were as follows:

	2018		2017
Land and improvements	$	18,198,000	$	18,046,000
Buildings		45,362,000		41,179,000
Furniture and equipment		18,139,000		17,398,000
		81,699,000		76,623,000
Less: accumulated depreciation		33,378,000		30,589,000
Total premises and equipment	$	48,321,000	$	46,034,000

Future lease payments total

$3.0

million, comprised of

$0.4

million in

one

year,

$0.7

million in

one

to

three

years,

$0.5

million in

three

to

five

years and

$1.4

million in over

five

years. Depreciation expense totaled

$3.6

million in

2018,

$3.0

million in

2017,

and

$2.9

million in

2016.