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Premises And Equipment | 12 Months Ended
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Dec. 31, 2018
Premises And Equipment [Abstract] |
Premises And Equipment | Note 7. Premises and Equipment ﻿ At December 31, p remises and equipment consist ed of: ﻿
﻿ |  |  |  |  |  |  |
﻿(Dollars in thousands) | Estimated Life |  | 2018 |  | 2017
﻿Land |  |  | $ | 2,909 |  | $ | 2,962
﻿Buildings and leasehold improvements | 15 - 30 years, or lease term |  |  | 24,522 |  |  | 24,347
﻿Furniture, fixtures and equipment | 3 - 10 years |  |  | 12,471 |  |  | 12,447
﻿Total cost |  |  |  | 39,902 |  |  | 39,756
﻿Less: Accumulated depreciation |  |  |  | (26,381) |  |  | (26,015)
﻿Net premises and equipment |  |  | $ | 13,521 |  | $ | 13,741
﻿ The following table shows the amount of depreciation and rental expense for the years ended December 31: ﻿
﻿ |  |  |  |  |  |  |  |
﻿ | 2018 |  | 2017 |  | 2016
﻿Depreciation expense | $ | 1,232 |  | $ | 1,236 |  | $ | 1,270
﻿Rent expense on leases | $ | 719 |  | $ | 704 |  | $ | 713
﻿ The Corporation leases various premises and equipment for use in banking operations through 2032. Some of these leases provide renewal options of varying terms. The rental cost of these optional renewals is not included below. At December 31, 2018, future minimum payments on these leases are as follows: ﻿
﻿ |  |
﻿(Dollars in thousands) |  |
﻿2019 | $ | 743
﻿2020 |  | 691
﻿2021 |  | 662
﻿2022 |  | 581
﻿2023 |  | 536
﻿2024 and beyond |  | 3,359
﻿Total | $ | 6,572
﻿

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- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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