Premises and Equipment

3 Months Ended

Mar. 31, 2016

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

9. PREMISES AND EQUIPMENT

Premises and equipment as of the dates indicated are summarized as follows:

	March 31,		December 31,
	2016		2015
	(Dollars in thousands)
Land	$	7,660	$	7,660
Buildings and improvements		23,930		23,834
Furniture, fixtures and equipment		10,251		10,190
		41,841		41,684
Less accumulated depreciation		(14,589)		(13,948)
Total	$	27,252	$	27,736

Depreciation of premises and equipment totaled $641 thousand and $426 thousand for the three months ended March 31, 2016 and 2015, respectively.