Premises And Equipment

12 Months Ended

Dec. 31, 2016

Premises And Equipment [Abstract]

Premises And Equipment

Note 7. Premises and Equipment

Premises and equipment consist of:

		December 31
(Dollars in thousands)	Estimated Life	2016		2015
Land		$	3,000	$	3,000
Buildings and leasehold improvements	15 - 30 years, or lease term		24,190		23,985
Furniture, fixtures and equipment	3  - 10 years		11,902		11,669
Total cost			39,092		38,654
Less: Accumulated depreciation			(25,034)		(23,895)
Net premises and equipment		$	14,058	$	14,759

The following table shows the amount of depreciation and rental expense for the years ended December 31:

	2016		2015		2014
Depreciation expense	$	1,270	$	1,269	$	1,360
Rent expense on leases	$	713	$	735	$	671

The Corporation leases various premises and equipment for use in banking operations through 2032.  Some of these leases provide renewal options of varying terms.  The rental cost of these optional renewals is not included below.  At December 31, 2016, future minimum payments on these leases are as follows:

(Dollars in thousands)
2017	$	704
2018		632
2019		525
2020		500
2021		497
2022 and beyond		4,050
Total	$	6,908