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BRANCH CLOSURES
12 Months Ended
Dec. 31, 2015
BRANCH CLOSURES  
BRANCH CLOSURES

NOTE 27 — BRANCH CLOSURES

In the fourth quarter of 2015, the Company announced that it would be closing the following branches in the second quarter of 2016:  one of two branches in the following cities in Indiana – Rushville, New Castle, and Crawfordsville,  Indiana and its branch in Bourbonnais, Illinois.  The Company does not anticipate losing many deposit accounts as a result of these closings as it will still have a branch presence in these cities.  Included in the operating results of 2015 are $175 of impairment costs for the affected properties and $75 of severance costs.

In the second quarter of 2014, the Company closed three branches in the following locations: Griffith, Indiana and the downtown branch located in Linton, Indiana, and one of its branches located in Frankfort, Kentucky. As of December 31, 2013, the three branches had approximately $22 million in total deposits.  Included in the operating results of 2014 are $550 of impairment costs for the affected properties, $25 of severance costs, and $25 of other costs related to the closing of the branches.

In April 2013, the Company closed eight branch offices in the following locations: Redkey, Fortville, Cambridge City, Fountain City, Trafalgar, East Enterprise, and Covington, Indiana and Troy, Ohio. The Company now operates two offices in Troy, Ohio. In total, the eight branches represented approximately $85,000 in deposits. Included in the 2013 operating results are $150 of severance costs, $550 of impairment costs for the affected properties, and $50 of other costs related to the closing of the branches.