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Bank Premises and Equipment, Net | 12 Months Ended
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Dec. 31, 2015
Property, Plant and Equipment [Abstract] |
Bank Premises and Equipment, Net | Bank Premises and Equipment, Net The major classes of bank premises and equipment and the total accumulated depreciation at December 31, 2015 and 2014 were as follows:
|  | December 31,
|  | 2015 |  | 2014
|  | (in thousands)
Land |  | $ | 6,729 |  |  | $ | 6,406 |
Buildings and improvements |  | 18,632 |  |  | 17,290 |
Furniture and equipment |  | 8,824 |  |  | 7,972 |
|  | $ | 34,185 |  |  | $ | 31,668 |
Less accumulated depreciation |  | 13,221 |  |  | 12,653 |
Bank premises and equipment, net |  | $ | 20,964 |  |  | $ | 19,015 |
Depreciation expense on buildings and improvements was $470 thousand, $446 thousand, and $434 thousand for the years ended 2015, 2014, and 2013, respectively. Depreciation expense on furniture and equipment was $373 thousand, $326 thousand, and $368 thousand for the years ended 2015, 2014, and 2013, respectively. As of December 31, 2015, one facility was under an operating lease, which expires in 2030. This lease requires payment of certain operating expenses and contains renewal options. The total minimum rental commitment at December 31, 2015 under this lease was due as follows:
| December 31, 2015
| (in thousands)
2016 | $ | 200 |
2017 | 200 |
2018 | 200 |
2019 | 200 |
2020 | 213 |
Thereafter | 2,164 |
| $ | 3,177 |
The total building and equipment rental expense was $271 thousand, $135 thousand, and $138 thousand in 2015, 2014, and 2013, respectively. On June 10, 2015, the Company purchased the land on which one of its retail branches resided. The land was purchased subject to an existing lease and subsequently recorded at market value, resulting in a write down of the total purchase price. This write down appears in the Consolidated Statement of Income as a Cost to terminate operating lease.

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2921-110230 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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