Premises, Furniture, and Equipment

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Premises, Furniture, and Equipment

Premises, Furniture, and Equipment

Premises, furniture, and equipment was comprised of the following classifications at December 31:

	2018			2017
Land	$	17,368		$	11,541
Buildings and Improvements	79,139			60,076
Furniture and Equipment	34,961			28,902
Total Premises, Furniture and Equipment	131,468			100,519
Less:  Accumulated Depreciation	(50,841		)	(46,273		)
Total	$	80,627		$	54,246

Depreciation expense was $4,739, $3,933 and $3,774 for 2018, 2017 and 2016, respectively.

The Company leases three of its branch buildings under a capital lease. These lease arrangements require monthly payments through 2033. The Company has included the leases in buildings and improvements as follows: 

	2018			2017
Capital Leases	$	4,219		$	4,219
Less: Accumulated Depreciation	(1,522		)	(1,312		)
Total	$	2,697		$	2,907

The following is a schedule of future minimum lease payments under the capitalized leases, together with the present value of net minimum lease payments at year end 2018:

2019	$	519
2020	519
2021	519
2022	519
2023	519
Thereafter	3,990
Total minimum lease payments	6,585
Less: Amount representing interest	(3,065		)
Present Value of Net Minimum Lease Payments	$	3,520