Premises and Equipment

12 Months Ended

Dec. 31, 2015

Note 5
Premises and Equipment

A summary of premises and equipment is as follows:

	December 31,
(In thousands)	2015		2014
Land	$	873	$	873
Buildings		13,079		12,541
Leasehold improvements		2,112		2,112
Furniture, fixtures and equipment		12,320		10,762
Purchased software		13,198		10,274
Internally developed software		2,527		2,527
		44,109		39,089
Less accumulated depreciation		24,461		22,180
Total	$	19,648	$	16,909

Total depreciation charged to expense in 2015, 2014 and 2013 amounted to $3,008,000, $2,613,000 and $2,361,000, respectively.

The Company and its subsidiaries lease various premises and equipment under operating lease agreements which expire at various dates through 2023. Rental expense for 2015, 2014 and 2013 was $1,387,000, $1,405,000 and $1,222,000, respectively. The following is a schedule, by year, of future minimum rental payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2015:

(In thousands)	Amount
2016	$	1,336
2017		1,346
2018		1,107
2019		845
2020		814
2021-2023		1,423
Total	$	6,871