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Premises and Equipment
12 Months Ended
Dec. 31, 2017
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,
2017
 
2016
Land
$
4,639,000

 
$
4,742,000

Land improvements
1,052,000

 
1,041,000

Buildings
22,254,000

 
21,601,000

Equipment
13,147,000

 
12,032,000

 
41,092,000

 
39,416,000

Less accumulated depreciation
18,590,000

 
17,214,000

 
$
22,502,000

 
$
22,202,000



Future minimum receipts under lease agreements at December 31, 2017 for each of the next five years and in the aggregate are:
2018

$192,000

2019
141,000

2020
101,000

2021
97,000

2022
94,000

Thereafter
9,000

 

$634,000