XML 31 R14.htm IDEA: XBRL DOCUMENT v3.3.1.900
Premises and Equipment
 12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Premises and Equipment

Note 5 – Premises and Equipment

 

As of December 31, premises and equipment consisted of the following: 

                 
(Dollars in thousands)     2015       2014  
Land and land improvements   $ 4,529     $ 4,337  
Leasehold improvements     38       38  
Buildings     12,076       11,859  
Furniture and equipment     5,322       4,844  
Total cost     21,965       21,078  
Accumulated depreciation     (10,118 )     (9,283 )
Premises and equipment, net   $ 11,847     $ 11,795  

  

Depreciation expense was $986,000, $986,000, and $927,000 for 2015, 2014 and 2013, respectively.

 

The Bank leases certain branch properties and automated-teller machine locations in its normal course of business. Rent expense totaled $53,000, $52,000, and $56,000 for 2015, 2014 and 2013, respectively. Rent commitments under non-cancelable operating leases were as follows, before considering renewal options that generally are present (dollars in thousands): 

 

2016     $ 55  
2017       17  
2018       17  
2019       18  
2020       18  
Thereafter       91  
Total     $ 216