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Premises and equipment, net
12 Months Ended
Dec. 31, 2016
Premises and equipment, net  
Premises and equipment, net

6. Premises and equipment, net:

Premises and equipment at December 31, 2016 and 2015 are summarized as follows:

 

 

 

 

 

 

 

 

 

December 31

    

2016

    

2015

 

Land

 

$

5,535

 

$

5,419

 

Premises and leasehold improvements

 

 

38,604

 

 

33,177

 

Furniture, fixtures and equipment

 

 

11,247

 

 

10,026

 

 

 

 

55,386

 

 

48,622

 

Less: accumulated depreciation

 

 

22,126

 

 

20,465

 

 

 

$

33,260

 

$

28,157

 

Depreciation and amortization included to noninterest expense amounted to $1,661,  $1,595, and $1,671 in 2016, 2015 and 2014, respectively.

Pursuant to the terms of non-cancelable lease agreements in effect at December 31, 2016, pertaining to banking premises and equipment, future minimum annual rent commitments under various operating leases are summarized as follows:

 

 

 

 

 

 

2017

    

$

474

 

2018

 

 

454

 

2019

 

 

438

 

2020

 

 

404

 

2021

 

 

365

 

Thereafter

 

 

1,465

 

 

 

$

3,600

 

 

The leases contain options to extend for periods from one to ten years. The cost of such options is not included in the annual rental commitments. Rent expense for the years ended December 31, 2016, 2015 and 2014 amounted to $416,  $397 and $343, respectively.