PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2015

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

NOTE 4.  PREMISES AND EQUIPMENT

Premises and equipment at December 31, were as follows:

(in thousands)	2015		2014
Land	$	3,965	$	3,006
Buildings and improvements		16,389		14,351
Furniture, fixtures and equipment		10,980		9,126
Construction in progress		1,375		3,669
Leasehold improvements		1,678		1,734
		34,387		31,886
Accumulated depreciation		(8,112)		(6,414)
Net premises and equipment	$	26,275	$	25,472

During 2014, the Bank completed construction of a new facility in Kanawha County, West Virginia and a new facility in the West Virginia High Technology Park in Fairmont, Marion County, West Virginia. No construction projects took place during 2015.  

Depreciation expense amounted to $2.0 million,  $1.2 million and $1.0 million for 2015, 2014 and 2013, respectively.