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Premises and Equipment
12 Months Ended
Dec. 31, 2016
Premises and Equipment [Abstract]  
Premises and Equipment Text Block

NOTE 7: PREMISES AND EQUIPMENT

Premises and equipment at December 31, 2016 and 2015 is presented below

December 31
(Dollars in thousands)20162015
Land$7,2316,106
Buildings and improvements9,4789,448
Furniture, fixtures, and equipment3,2103,159
Total premises and equipment19,91918,713
Less: accumulated depreciation(7,317)(6,847)
Premises and equipment, net$12,60211,866

Depreciation expense was approximately $470 thousand and $475 thousand for the years ended December 31, 2016 and 2015, respectively, and is a component of net occupancy and equipment expense in the consolidated statements of earnings.