Note 7 - Premises and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 7. PREMISES AND EQUIPMENT

The following table presents the major components of premises and equipment at December 31, 2014 and 2013:

(Dollars in thousands)	2014			2013
Land	$	1,915		$	1,915
Land improvements		195			195
Bank buildings		9,099			8,581
Furniture, fixtures and equipment		10,392			8,252
Construction in progress		588			799
Total premises and equipment		22,189			19,742
Less: accumulated depreciation and amortization		(9,894	)		(8,849	)
Premises and equipment, net	$	12,295		$	10,893

The Company records depreciation expense on a straight-line basis for all depreciable assets. Depreciation expense totaled $1.3 million, $993 thousand, and $874 thousand, for the years ended December 31, 2014, 2013 and 2012, respectively. The Bank has entered into a number of non-cancelable lease agreements with respect to various premises. See Note 15, Commitment and Contingencies in these Notes to Consolidated Financial Statements for more information regarding rental expense, net of rent income, and minimum annual rental commitments under non-cancelable lease agreements.