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Premises and Equipment
12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Premises and Equipment
Premises and Equipment

Premises and equipment are carried at cost and consist of the following:

As of December 31,
2016
 
2015
Land
$
4,742,000

 
$
4,539,000

Land improvements
1,041,000

 
874,000

Buildings
21,601,000

 
20,569,000

Equipment
12,032,000

 
11,358,000

 
39,416,000

 
37,340,000

Less accumulated depreciation
17,214,000

 
15,524,000

 
$
22,202,000

 
$
21,816,000



Based on current contractual agreements (leases), Management anticipates rental revenue over the next 4 years to be $147,000 in 2017, $55,000 in 2018, $11,000 in 2019, and $4,000 in 2020.