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PREMISES AND EQUIPMENT
 12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
PREMISES AND EQUIPMENT [Text Block]
NOTE 6 — PREMISES AND EQUIPMENT
 
Premises and equipment at December 31, 2016 and 2015 is as follows:
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
Estimated Useful
 
 
 
 
 
 
 
Life (in years)
 
2016
 
2015
 
Land
 
N/A
 
$
3,180
 
$
3,180
 
Buildings
 
5-40
 
 
19,519
 
 
19,288
 
Leasehold improvements
 
3-20
 
 
294
 
 
289
 
Equipment
 
3-25
 
 
8,237
 
 
8,106
 
 
 
 
 
 
31,230
 
 
30,863
 
Less:  Accumulated depreciation
 
 
 
 
11,993
 
 
10,750
 
Total
 
 
 
$
19,237
 
$
20,113
 
 
Depreciation amounted to $1,264,000 for 2016, $1,271,000 for 2015 and $1,279,000 for 2014.
 
The banking subsidiary leases land and a bank building in Stroudsburg, Pennsylvania, under a lease expiring in 2017. Please refer to Note 13 — Commitments and Contingencies. Included in buildings above is the bank building held under a capital lease with a cost of $948,000 at December 31, 2016 and 2015, and accumulated amortization of $904,000 and $857,000 at December 31, 2016 and 2015, respectively. Amortization of the bank building held under the capital lease was $47,000 for the year ended December 31, 2016, $47,000 for the year ended December 31, 2015 and $48,000 for the year ended December 31, 2014.