Premises and Equipment

9 Months Ended

Sep. 30, 2016

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

9. PREMISES AND EQUIPMENT

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

	September 30,		December 31,
	2016		2015
	(Dollars in thousands)
Land	$	7,660	$	7,660
Buildings and improvements		23,462		23,834
Furniture, fixtures and equipment		10,189		10,190
		41,311		41,684
Less accumulated depreciation		(15,147)		(13,948)
Total	$	26,164	$	27,736

Depreciation of premises and equipment totaled $581 thousand and $394 thousand for the three months ended September 30, 2016 and 2015, respectively, and $1.6 million and $1.2 million for the nine months ended September 30, 2016 and 2015, respectively.