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Premises and Equipment
 12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
Premises and Equipment

Note 5. Premises and Equipment

A summary of premises and equipment is as follows:

 

 

 

 

 

 

 

 

 

 

    

Useful

    

December 31,

 

 

lives

 

2017

 

2016

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Land

 

  

 

$

685

 

$

685

Buildings

 

5-50 years

 

 

6,445

 

 

6,372

Equipment and fixtures

 

5-30 years

 

 

5,763

 

 

5,758

Construction in progress

 

  

 

 

 —

 

 

 7

 

 

  

 

 

12,893

 

 

12,822

Accumulated depreciation

 

  

 

 

(9,522)

 

 

(9,184)

 

 

  

 

 

  

 

 

  

 

 

  

 

$

3,371

 

$

3,638

 

Depreciation expense totaled $0.4 million for the years ended December 31, 2017 and 2016.  Amortization of software totaled $0.1 million for the years ended December 31, 2017 and 2016.

The Bank leases its Severna Park and Linthicum branches.  Minimum lease obligations under the Severna Park branch are $33,000 per year through September 2019.  Minimum lease obligations under the Linthicum branch are $120,952 per year through December 2024, adjusted annually on a pre-determined basis.  The Bank is also required to pay all maintenance costs under all these leasing arrangements.  Rent expense totaled $161,007 and $160,029 for the years ended December 31, 2017 and 2016, respectively.