Bank Premises and Equipment, Net

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

The major classes of bank premises and equipment and the total accumulated depreciation at December 31, 2014 and 2013 were as follows:



	December 31,
	2014		2013
	(in thousands)
Land	$	6,406	$	4,865
Buildings and improvements	17,290		16,795
Furniture and equipment	7,972		7,654
	$	31,668	$	29,314
Less accumulated depreciation	12,653		12,100
Bank premises and equipment, net	$	19,015	$	17,214

Depreciation expense on buildings and improvements was $446 thousand, $434 thousand, and $432 thousand for the years ended 2014, 2013, and 2012, respectively. Depreciation expense on furniture and equipment was $326 thousand, $368 thousand, and $389 thousand for the years ended 2014, 2013, and 2012, respectively.

The Bank leases certain facilities under operating leases, which expire at various dates through 2032. These leases require payment of certain operating expenses and contain renewal options. The total minimum rental commitment at December 31, 2014 under these leases was due as follows:



	December 31, 2014
	(in thousands)
2015	$	185
2016	252
2017	252
2018	252
2019	252
Thereafter	3,052
	$	4,245

The total building and equipment rental expense was $135 thousand, $138 thousand, and $144 thousand in 2014, 2013, and 2012, respectively.

- 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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