Note 5: Premises and Equipment

12 Months Ended

Jun. 30, 2015

NOTE 5: Premises and Equipment

Following is a summary of premises and equipment:

	June 30,
(dollars in thousands)	2015	2014
Land	$9,848	$6,353
Buildings and improvements	26,393	18,308
Construction in progress	5,160	-
Furniture, fixtures, and equipment	11,006	8,504
Automobiles	98	76
	52,505	33,241
Less accumulated depreciation	12,779	10,774
	$39,726	$22,467

Construction in progress at June 30, 2015, includes projects to provide a new corporate headquarters office in Poplar Bluff, and to finish leased space in a new branch facility in Springfield to replace an existing leased branch. The corporate headquarters is estimated at a cost of $11.2 million, of which $4.7 million has been paid through June 30, 2015, and is expected to be completed in March 2016. The Springfield leased space is estimated at a cost of $1.4 million, of which $441,000 has been paid through June 30, 2015, and is expected to be completed in November, 2015.