Premises and Equipment

12 Months Ended

Sep. 30, 2015

Property, Plant and Equipment [Abstract]

Premises and equipment consisted of the following at September 30, 2015 and 2014 (dollars in thousands):



	2015		2014
Land	$	3,944	$	4,085
Buildings and improvements	17,664		17,546
Furniture and equipment	8,071		8,332
Property held for future expansion	110		110
Construction and purchases in progress	96		153
	29,885		30,226
Less accumulated depreciation	13,031		12,547
Premises and equipment, net	$	16,854	$	17,679

The Company leases certain premises under operating lease agreeements. Total rental expense was $280,000, $267,000 and $250,000 for the years ended September 30, 2015, 2014, and 2013, respectively, which was included in premises and equipment expense in the accompanying consolidated statements of income.

Minimum net rental commitments under non-cancellable leases having an original or remaining term of more than one year for fiscal years ending subsequent to September 30, 2015 are as follows (dollars in thousands):



2016	$	225
2017	96
2018	96
2019	96
2020	96
Thereafter	24
Total minimum payments required	$	633

Certain leases contain renewal options from five to ten years and escalation clauses based on increases in property taxes and other costs.