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Premises and Equipment and Leases | 12 Months Ended
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Dec. 31, 2021
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment Disclosure [Text Block] | Note 4. Premises and Equipment and Leases Year-end premises and equipment were as follows:
(In thousands) |  | December 31, 2021 |  |  | December 31, 2020 |
Land |  | $ | 698 |  |  | $ | 698 |
Leasehold improvements |  |  | 195 |  |  |  | 182 |
Building |  |  | 4,438 |  |  |  | 4,256 |
Furniture and equipment |  |  | 1,767 |  |  |  | 1,760 |
|  |  | 7,098 |  |  |  | 6,896 |
Less: accumulated depreciation |  |  | 2,369 |  |  |  | 2,047 |
Balance at end of period |  | $ | 4,729 |  |  | $ | 4,849 |
Depreciation of premises and equipment totaled $322,000 and $412,000 for the years ended December 31, 2021 and 2020, respectively. The Company leases certain office facilities and office equipment under operating leases. Certain of the leases contain provisions for renewal options, escalation clauses based on increases in certain costs incurred by the lessor, as well as free rent periods and tenant improvement allowances. The Company amortizes office lease incentives and rent escalations on a straight-line basis over the life of the respective leases. The Company has obligations under operating leases that expire between 2022 and 2024 with initial non-cancellable terms in excess of one year. Under the lease accounting standards, right-of-use assets represent our right to utilize the underlying asset during the lease term, while the lease liability represents the obligation to make periodic lease payments over the life of the lease. As of December 31, 2021 and 2020, right-of-use assets and related lease liabilities totaled $1.4 million and $1.4 million, and $963,000 and $1.0 million, respectively, and are in other assets and other liabilities, respectively, on our accompanying consolidated balance sheets. As of December 31, 2021, the weighted average remaining lease term is 47 months, and the weighted average discount rate is 3.71%. As of December 31, 2021, the minimum rental commitments under these noncancelable operating leases are as follows:
(In thousands) |  |  |  |
2022 |  | $ | 549 |
2023 |  |  | 274 |
2024 |  |  | 208 |
2025 |  |  | 204 |
2026 |  |  | 207 |
2027 and thereafter |  |  | 54 |
Total minimum rental payments |  |  | 1,496 |
Less: Interest |  |  | (63 | )
Present value of lease liabilities |  | $ | 1,433 |
The Company currently receives rental income from seven tenants in its headquarters building for office space the Company does not occupy. Aggregate future minimum rentals to be received under non-cancelable leases as of December 31, 2021 were $734,000 through 2027.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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