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Premises and Equipment
12 Months Ended
Dec. 31, 2015
Premises and Equipment [Abstract]  
PREMISES AND EQUIPMENT

NOTE 5 - PREMISES AND EQUIPMENT

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

2014

 

(In Thousands)

Land and improvements

$

2,316 

 

$

2,275 

Buildings and improvements

 

9,857 

 

 

9,723 

Furniture and equipment

 

4,415 

 

 

4,332 

 

 

16,588 

 

 

16,330 

Accumulated depreciation

 

(10,116)

 

 

(9,596)

 

 

 

 

 

 

 

$

6,472 

 

$

6,734 

 

Depreciation expense totaled $551,000,  $572,000 and $594,000 for the years ended December 31, 2015, 2014 and 2013, respectively.
 

Certain facilities are leased under various operating leases. Rental expense for these leases was $341,000,  $338,000 and $325,000, respectively, for the years ended December 31, 2015, 2014 and 2013. Future minimum rental commitments under noncancellable leases as of December 31, 2015 were as follows (in thousands):

 

 

 

 

 

 

 

 

2016

$

352 

2017

 

363 

2018

 

363 

2019

 

368 

2020

 

376 

Thereafter

 

1,844 

 

$

3,666