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Premises and Equipment
 12 Months Ended
Dec. 31, 2015
Premises And Equipment  
Premises and Equipment

(4)  Premises and Equipment 

A summary of premises and equipment follows (in thousands): 

 

    At December 31,  
    2015   2014  
Land   $ 1,171   $ 1,171  
Buildings and improvements     2,053     2,053  
Furniture, fixtures and equipment     1,190     1,372  
Leasehold improvements     119     122  
               
Total, at cost     4,533     4,718  
               
Less accumulated depreciation and amortization     (1,830 )   (1,882 )
               
Premises and equipment, net   $ 2,703   $ 2,836  

 

The Company currently leases one branch facility under operating lease. The lease contains renewal options and requires the Company to pay an allowable share of common area maintenance and real estate taxes. Rent expense under the operating lease during the years ended December 31, 2015 and 2014 was $64,100 and $81,100, respectively. At December 31, 2015, the future minimum lease payments are approximately as follows (in thousands):

 

Year Ending December 31,   Amount  
         
2016     60  
2017     55  
Total   $ 115