Premises and Equipment

12 Months Ended

Dec. 31, 2013

NOTE 5 - PREMISES AND EQUIPMENT

Components of premises and equipment at December 31 are as follows:



	2013		2012
	(In Thousands)
Land and improvements	$	2,272	$	2,238
Buildings and improvements		9,659		9,494
Furniture and equipment		4,218		3,998
		16,149		15,730
Accumulated depreciation		(9,024)		(8,404)

	$	7,125	$	7,326

Depreciation expense totaled $594,000, $570,000 and $531,000 for the years ended December 31, 2013, 2012 and 2011, respectively.

Certain facilities are leased under various operating leases. Rental expense for these leases was $325,000, $327,000 and $299,000, respectively for the years ended December 31, 2013, 2012 and 2011. Future minimum rental commitments under noncancellable leases as of December 31, 2013 were as follows (in thousands):



2014	$	317
2015		312
2016		242
2017		192
2018		192
Thereafter		1,720
	$	2,975

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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