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PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

The following table summarizes premises and equipment at December 31.

(Dollars in thousands)	2017				2016
Land	$	7,664			$	7,717
Buildings and improvements	31,154				30,626
Leasehold improvements	2,482				1,719
Furniture and equipment	22,023				21,032
Construction in progress	89				68
	63,412				61,162
Less accumulated depreciation and amortization	28,603				26,291
	$	34,809			$	34,871

Depreciation expense totaled $2,650,000, $2,311,000, and $2,310,000 for the years ended December 31, 2017, 2016 and 2015.

During 2016, $5,600,000 of premises and equipment, predominantly furniture and equipment, was identified as retired from active use. The Company recorded a loss of $147,000 in connection with this retirement.

The Company leases land and building space associated with certain branch offices, remote automated teller machines, and certain equipment under operating lease agreements which expire at various times through 2027. Rent expense charged to operations in connection with these leases totaled $639,000, $601,000 and $435,000 for the years ended December 31, 2017, 2016 and 2015.

The following table summarizes minimum rental commitments under operating leases with maturities in excess of one year at December 31, 2017.

Due in Years Ending December 31
(Dollars in thousands)
2018	$	574
2019	528
2020	496
2021	334
2022	230
Thereafter	474
	$	2,636

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- References

No definition available.

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- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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