XML 33 R14.htm IDEA: XBRL DOCUMENT v3.7.0.1
Premises and Equipment
 12 Months Ended
Dec. 31, 2016
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)        
   2016   2015 
Land and land improvements  $5,869   $4,529 
Leasehold improvements   38    38 
Buildings   12,052    12,076 
Furniture and equipment   5,394    5,322 
     Total cost   23,353    21,965 
Accumulated depreciation   (10,765)   (10,118)
     Premises and equipment, net  $12,588   $11,847 

 

Depreciation expense was $1,078,000, $986,000, and $986,000 for 2016, 2015 and 2014, respectively. 

 

The Bank leases certain branch properties, a loan production office, and automated-teller machine locations in its normal course of business. Rent expense totaled $99,000, $53,000, and $52,000 for 2016, 2015 and 2014, respectively. Rent commitments under non-cancelable operating leases were as follows, before considering renewal options that generally are present:

 

(Dollars in thousands)

 

      
2017   $69 
2018    71 
2019    59 
2020    18 
2021    19 
Thereafter    72 
Total    $308