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Premises And Equipment
12 Months Ended
Dec. 31, 2018
Premises And Equipment [Abstract]  
Premises And Equipment

Note 7. Premises and Equipment



At December 31, premises and equipment consisted 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