Lease Commitments And Total Rental Expense

12 Months Ended

Dec. 31, 2014

Lease Commitments And Total Rental Expense [Abstract]

Lease Commitments And Total Rental Expense

NOTE 11 – LEASE COMMITMENTS AND TOTAL RENTAL EXPENSE

The Company has operating lease agreements expiring in various years through 2020.  The Company has the option to extend the lease agreements for additional lease terms.  The Company is responsible to pay all real estate taxes, insurance, utilities and maintenance and repairs on its leased facilities.

Future minimum payments under non-cancellable leases by year are as follows as of December 31, 2014:

(Dollars in thousands)
2015	$	674
2016		651
2017		554
2018		472
2019		475
Thereafter		90
	$	2,916

Rent expense was $530 thousand and $469 thousand for the years ended December 31, 2014 and 2013, respectively.