Premises and Equipment

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Premises and Equipment

NOTE 5 — Premises and Equipment

Premises and equipment are stated at cost less accumulated depreciation and are summarized as follows:

	As of December 31,
	2018		2017
Land	$	1,408	$	1,408
Buildings		10,044		9,341
Leasehold and land improvements		661		661
Furniture and equipment		6,029		6,122
Totals		18,142		17,532
Less: Accumulated depreciation		9,979		9,871
Premises and equipment, net	$	8,163	$	7,661

Depreciation of premises and equipment totaled $663 and $691 for the years ended December 31, 2018 and 2017, respectively.

There was no impairment of premises and equipment during the year ended December 31, 2018. During the year ended December 31, 2017, the Bank recognized impairment on a branch building totaling $1,095.

The Bank leases premises from nonrelated entities. Rent expense under these non-cancelable leases totaled $218 and $203 for the years ended December 31, 2018 and 2017, respectively.

Minimum rental commitments under non-cancelable leases, before considering available renewal options, are as follows as of December 31, 2018:

2019	$	224
2020		81
2021		20
Total	$	325