Note 4 - Premises and Equipment, Net

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

4.    PREMISES AND EQUIPMENT, NET

Premises and equipment are comprised of the following:

	September 30, 2020		December 31, 2019
Land and improvements	$	17,032,000	$	17,039,000
Buildings		57,275,000		52,847,000
Furniture and equipment		22,580,000		22,712,000
		96,887,000		92,598,000
Less: accumulated depreciation		36,441,000		35,271,000
Premises and equipment, net	$	60,446,000	$	57,327,000

Depreciation expense totaled $1.3 million and $0.9 million during the third quarters of 2020 and 2019, respectively. Depreciation expense totaled $3.8 million during the first nine months of 2020, compared to $2.8 million during the first nine months of 2019.