Notes to Consolidated Financial Statements
for the Three Years in the Period Ended June 30, 1999

7. PREMISES AND EQUIPMENT

Premises and equipment consists of the following: (in thousands)

Depreciation expense included in operations for the years ended June 30, 1999, 1998 and 1997, totaled $1.3 million, $1.2 million and $1.0 million, respectively.

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