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Premises and Equipment
12 Months Ended
Dec. 31, 2017
Property Plant And Equipment [Abstract]  
Premises and Equipment

NOTE 6 — PREMISES AND EQUIPMENT

Premises and equipment at December 31, 2017 and 2016 consisted of the following:

 

  

 

December 31,

 

 

December 31,

 

(Dollars in thousands)

 

2017

 

 

2016

 

Land

 

$

10,534

 

 

$

6,844

 

Buildings

 

 

45,841

 

 

 

30,646

 

Leasehold improvements

 

 

4,928

 

 

 

4,667

 

Furniture, fixtures and equipment

 

 

13,015

 

 

 

11,112

 

 

 

 

74,318

 

 

 

53,269

 

Accumulated depreciation

 

 

(11,457

)

 

 

(7,809

)

 

 

$

62,861

 

 

$

45,460

 

 

Depreciation expense was $4,001,000, $2,817,000 and $2,143,000 for the years ended December 31, 2017, 2016 and 2015, respectively.

The Company leases certain properties and equipment under operating leases. Rent expense was $2,261,000, $2,053,000 and $1,985,000 for the years ended December 31, 2017, 2016 and 2015, respectively. Rent commitments at December 31, 2017, before considering renewal options that generally are present, were as follows:

 

(Dollars in thousands)

 

 

 

 

2018

 

$

1,866

 

2019

 

 

1,479

 

2020

 

 

1,465

 

2021

 

 

653

 

2022

 

 

203

 

Thereafter

 

 

303

 

 

 

$

5,969