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Premises and Equipment
 12 Months Ended
Dec. 31, 2018
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)        
   2018   2017 
Land and land improvements  $5,318   $5,560 
Leasehold improvements   38    38 
Buildings   16,251    13,290 
Furniture and equipment   7,357    5,932 
     Total cost   28,964    24,820 
Accumulated depreciation   (13,085)   (11,965)
     Premises and equipment, net  $15,879   $12,855 

 

Depreciation expense was $1,183,000, $1,389,000, and $1,078,000 for 2018, 2017 and 2016, respectively.

 

The Bank leases certain branch properties and automated-teller machine locations in its normal course of business. Rent expense totaled $108,000, $99,000, and $99,000 for 2018, 2017 and 2016, respectively. Rent commitments under non-cancelable operating leases were as follows, before considering renewal options that generally are present (dollars in thousands):

 

2019   $119 
2020    122 
2021    124 
2022    127 
2023    129 
Thereafter    318 
Total    $939