Note 5 - Premises and Equipment, Net

12 Months Ended

Dec. 31, 2019

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:

	2019		2018
Land and improvements	$	17,039,000	$	18,198,000
Buildings		52,847,000		45,362,000
Furniture and equipment		22,712,000		18,139,000
		92,598,000		81,699,000
Less: accumulated depreciation		35,271,000		33,378,000
Total premises and equipment	$	57,327,000	$	48,321,000

Future lease payments at

December 31, 2019

totaled

$3.8

million, comprised of

$0.6

million in

one

year,

$1.1

million in

one

to

three

years,

$0.9

million in

three

to

five

years and

$1.2

million in over

five

years. Future lease payments at

December 31, 2018

totaled

$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

$3.9

million in

2019,

$3.6

million in

2018,

and

$3.0

million in

2017.