Premises and Equipment

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Premises and Equipment

Premises and Equipment

The following summarizes the components of premises and equipment at December 31 for the years indicated:

(In Thousands)	Useful Life	2017			2016
Land			$2,562			$2,596
Furniture and equipment	3-7 years	8,323			14,912
Tenant improvements	2-15 years	8,323			8,325
Buildings	39 years	38,114			37,683
Total Premises and Equipment		57,322			63,516
Accumulated depreciation and amortization		(19,455		)	(24,198		)
Total Premises and Equipment, Net			$37,867			$39,318

Depreciation expense and amortization of leasehold improvements was $2.9 million, $2.4 million, and $2.3 million for the years ended December 31, 2017, 2016, and 2015, respectively.

Related Party Transactions: The Company made no payments to related parties in the years ended December 31, 2017 and 2016.