Note 6 - Premises and Equipment

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

(6) Premises and Equipment

The detail of premises and equipment at  December 31, 2020 and 2019 is as follows:

	In Thousands
	2020			2019
Land	$	17,093			17,093
Buildings		46,584			46,389
Leasehold improvements		573			533
Furniture and equipment		13,861			13,000
Automobiles		175			243
Construction-in-progress		317			1,339
		78,603			78,597
Less accumulated depreciation		(20,401	)		(18,302	)
	$	58,202			60,295

During 2020, 2019 and 2018, payments of $571,000, $2,207,000 and $2,633,000, respectively, were made to an entity owned by a director for the construction of buildings and repair work on existing buildings.

Depreciation expense was $4,250,000, $3,984,000 and $3,602,000 for the years ended December 31, 2020, 2019 and 2018, respectively.