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Premises and equipment, net
12 Months Ended
Dec. 31, 2017
Premises and equipment, net  
Premises and equipment, net

6. Premises and equipment, net:

Premises and equipment at December 31, 2017 and 2016 are summarized as follows:

 

 

 

 

 

 

 

 

 

December 31

    

2017

    

2016

 

Land

 

$

5,875

 

$

5,535

 

Premises and leasehold improvements

 

 

42,472

 

 

38,604

 

Furniture, fixtures and equipment

 

 

13,249

 

 

11,247

 

 

 

 

61,596

 

 

55,386

 

Less: accumulated depreciation

 

 

24,039

 

 

22,126

 

 

 

$

37,557

 

$

33,260

 

Depreciation and amortization included to noninterest expense amounted to $1,950,  $1,661, and $1,595 in 2017, 2016 and 2015, respectively.

Pursuant to the terms of non-cancelable lease agreements in effect at December 31, 2017, pertaining to banking premises and equipment, future minimum annual rent commitments under various operating leases are summarized as follows:

 

 

 

 

 

 

2018

    

$

494

 

2019

 

 

476

 

2020

 

 

478

 

2021

 

 

437

 

2022

 

 

408

 

Thereafter

 

 

966

 

 

 

$

3,259

 

 

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, 2017, 2016 and 2015 amounted to $407,  $416 and $397, respectively.