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PREMISES AND EQUIPMENT
12 Months Ended
Dec. 31, 2016
PREMISES AND EQUIPMENT  
PREMISES AND EQUIPMENT

NOTE 5 — PREMISES AND EQUIPMENT

 

Details of premises and equipment at December 31 are as follows (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

    

2016

    

2015

 

 

 

 

 

 

 

 

 

Land

 

$

2,566

 

$

1,812

 

Buildings and improvements

 

 

18,001

 

 

15,497

 

Furniture, fixtures, and equipment

 

 

9,142

 

 

8,567

 

Construction in progress

 

 

310

 

 

142

 

Total cost basis

 

 

30,019

 

 

26,018

 

Less - accumulated depreciation

 

 

14,128

 

 

13,494

 

 

 

 

 

 

 

 

 

Net book value

 

$

15,891

 

$

12,524

 

 

Depreciation of premises and equipment charged to operating expenses amounted to $1.617 million in 2016, $1.457 million in 2015, and $1.337 million in 2014.