Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2019

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


	December 31,
	2019		2018

Land	$	479	$	479
Buildings		4,929		4,929
Leasehold improvements		162		153
Furniture and equipment		1,383		1,332

Totals		6,953		6,893

Less: Accumulated depreciation		2,146		1,836

Premises and equipment, net	$	4,807	$	5,057

Schedule of Future Minimum Rental Payments for Operating Leases

Rent commitments, before considering renewal options that are present, are as follows as of December 31, 2019:


2020	$	153
2021		144
2022		146
2023		148
2024		150
Thereafter		437
Total	$	1,178

Schedule of Future Minimum Rental Payments Receivable

The Company also entered into a lease with a tenant for a portion of the Brookfield branch, commencing June 1, 2018 through May 31, 2024. As of December 31, 2019, minimum future rents receivable are as follows:


2020	$	99
2021		101
2022		103
2023		106
2024		44
Total	$	453