PREMISES AND EQUIPMENT
 12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
PREMISES AND EQUIPMENT

Note 5 - Premises and Equipment

 

The following is a summary of premises and equipment at December 31, 2018 and 2017:

 

(In thousands)   2018     2017  
             
Land   $ 2,424     $ 2,424  
Buildings and leasehold improvements     9,241       9,241  
Furniture and equipment     4,520       4,649  
Leasehold improvements     4,234       4,241  
Construction in progress     5,748       -  
      26,167       20,555  
Accumulated depreciation and amortization     (10,081 )     (9,574 )
Premises and equipment, net   $ 16,086     $ 10,981  

 

Depreciation and amortization expense was $721,000 and $811,000 for the years ended December 31, 2018 and 2017, respectively.