PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

A summary of bank premises and equipment at December 31 is as follows:



(Dollars in thousands)	2014		2013

Land	$	5,182	$	5,182
Buildings and improvements	23,333		23,289
Leasehold improvements	511		507
Furniture and equipment	22,799		22,247
Construction in progress	140		259
	51,965		51,484
Less accumulated depreciation and amortization	27,165		25,043
	$	24,800	$	26,441

Depreciation expense amounted to $2,459,000, $2,208,000, and $2,004,000 for the years ended December 31, 2014, 2013 and 2012.

The Company leases land and building space associated with certain branch offices, remote automated teller machines, and certain equipment under agreements which expire at various times through 2024. Total rent expense charged to operations in connection with these leases was $427,000, $307,000 and $259,000 for the years ended December 31, 2014, 2013 and 2012.

The total minimum rental commitments under operating leases with maturities in excess of one year at December 31, 2014 are as follows:



Due in the Years Ending December 31
(Dollars in thousands)
2015	$	398
2016	310
2017	172
2018	124
2019	63
Thereafter	120
	$	1,187

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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