Premises and Equipment

12 Months Ended

Dec. 31, 2014

NOTE 5 - PREMISES AND EQUIPMENT

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



	2014		2013
	(In Thousands)
Land and improvements	$	2,275	$	2,272
Buildings and improvements		9,723		9,659
Furniture and equipment		4,332		4,218
		16,330		16,149
Accumulated depreciation		(9,596)		(9,024)

	$	6,734	$	7,125

Depreciation expense totaled $572,000, $594,000 and $570,000 for the years ended December 31, 2014, 2013 and 2012, respectively.

Certain facilities are leased under various operating leases. Rental expense for these leases was $338,000, $325,000 and $327,000, respectively for the years ended December 31, 2014, 2013 and 2012. Future minimum rental commitments under noncancellable leases as of December 31, 2014 were as follows (in thousands):



2015	$	338
2016		268
2017		218
2018		219
2019		224
Thereafter		2,016
	$	3,283

- 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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