FIXED ASSETS

A summary of fixed assets at December 31, 2015 and 2014, is as follows:



	December 31,
(in thousands)	2015		2014
Land	$	3,103	$	3,103
Buildings and leasehold improvements	17,837		17,170
Furniture, fixtures and equipment	4,892		3,750
Capitalized software	1,030		735
	26,862		24,758
Less accumulated depreciation and amortization	12,020		10,005
Total fixed assets	$	14,842	$	14,753

Depreciation and amortization of fixed assets included in noninterest expense amounted to $2.0 million, $2.2 million, and $2.8 million in 2015, 2014, and 2013, respectively.

The Company has facilities leased under agreements that expire in various years through 2028. The Company's rent expense totaled $3.1 million, $2.9 million, and $3.0 million in 2015, 2014, and 2013, respectively. Sublease rental income was $0.1 million, $0.2 million, and $0.2 million for 2015, 2014, and 2013, respectively. For leases which renew or are subject to periodic rental adjustments, the monthly rental payments will be adjusted based on current market conditions and rates of inflation.

The future aggregate minimum rental commitments (in thousands) required under the leases are shown below:



Year	Amount
2016	$	3,019
2017	2,656
2018	2,395
2019	2,388
2020	2,348
Thereafter	8,362
Total	$	21,168