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Premises and Equipment
12 Months Ended
Dec. 31, 2017
Premises and Equipment [Abstract]  
PREMISES AND EQUIPMENT

NOTE 5 - PREMISES AND EQUIPMENT

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







 

 

 

 

 



 

 

 

 

 



2017

 

2016



(In Thousands)

Land and improvements

$

2,771 

 

$

2,925 

Buildings and improvements

 

17,613 

 

 

17,662 

Furniture and equipment

 

6,636 

 

 

6,351 



 

27,020 

 

 

26,938 

Accumulated depreciation

 

(13,156)

 

 

(13,407)



 

 

 

 

 



$

13,864 

 

$

13,531 



Depreciation expense totaled $922,000,  $726,000 and $551,000 for the years ended December 31, 2017, 2016 and 2015, respectively.
 

Certain facilities are leased under various operating leases. Rental expense for these leases was $405,000,  $367,000 and $341,000, respectively, for the years ended December 31, 2017, 2016 and 2015. Future minimum rental commitments under noncancellable leases as of December 31, 2017 were as follows (in thousands):





 

 



 

 

2018

$

467 

2019

 

454 

2020

 

451 

2021

 

451 

2022

 

451 

Thereafter

 

4,654 



$

6,928