Premises and Equipment

12 Months Ended

Sep. 30, 2018

Property, Plant and Equipment [Abstract]

Premises and equipment consisted of the following at September 30, 2018 and 2017 (dollars in thousands):



	2018		2017
Land	$	4,400	$	4,402
Buildings and improvements	20,636		20,167
Furniture and equipment	8,026		7,935
Property held for future expansion	129		129
Construction and purchases in progress	566		149
	33,757		32,782
Less accumulated depreciation	14,804		14,364
Premises and equipment, net	$	18,953	$	18,418

The Company leases certain premises under operating lease agreements. Certain leases contain renewal options from five to ten years and escalation clauses. Total rental expense was $206,000, $275,000 and $287,000 for the years ended September 30, 2018, 2017 and 2016, respectively, which is 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, 2018 are as follows (dollars in thousands):



2019	$	201
2020	165
2021	124
Total minimum payments required	$	490