17. LEASING ACTIVITIES

12 Months Ended

Dec. 31, 2015

Leases [Abstract]

17. LEASING ACTIVITIES

NOTE 17 LEASING ACTIVITIES:

The Company’s leasing activities consist of the leasing of land and buildings under agreements in which the Bank is lessee. These leases have been classified as operating leases. As of December 31, 2015 and 2014, respectively, the Bank had no significant operating leases.

Rental commitments of less than one year are not included. There were no rentals charged to operations under operating leases in 2015 and 2014.