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Premises and Equipment | 12 Months Ended
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Dec. 31, 2017
Property, Plant and Equipment [Abstract] |
Premises and Equipment | Premises and Equipment A summary of premises and equipment at December 31, 2017 and 2016, is as follows (in thousands):
|  | 2017 |  | 2016
Land and land improvements |  | $ | 10,854 |  |  | $ | 8,354 |
Building and leasehold improvements |  | 28,576 |  |  | 18,507 |
Furniture, fixtures and equipment |  | 10,073 |  |  | 7,043 |
Construction in progress |  | 1,495 |  |  | 2,789 |
Total, gross |  | 50,998 |  |  | 36,693 |
Accumulated depreciation |  | (7,998 | ) |  | (6,157 | )
Total, net |  | $ | 43,000 |  |  | $ | 30,536 |
At December 31, 2017 management estimates the cost necessary to complete the construction in progress will be approximately $3.04 million. The Company leases several branch locations and also has three ground leases under non-cancelable operating lease agreements. The leases expire between January 2018 and November 2023. Lease expense under the leases was $721,534 and $728,004 in 2017 and 2016, respectively. At December 31, 2017, the remaining minimum lease payments relating to these leases were as follows (in thousands):
2018 | $ | 608 |
2019 | 500 |
2020 | 487 |
2021 | 344 |
2022 | 124 |
2023 | 40 |
Depreciation expense was $1,841,524 and $1,435,090 for the years ended December 31, 2017 and 2016, respectively.

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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 + Details
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