Premises and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Premises and equipment are carried at cost and consist of the following:



As of December 31,	2014		2013
Land	$	4,532,000	$	4,532,000
Land improvements	821,000		799,000
Buildings	20,481,000		19,668,000
Equipment	10,610,000		12,196,000
	36,444,000		37,195,000
Less accumulated depreciation	13,825,000		13,579,000
	$	22,619,000	$	23,616,000

Based on current contractual agreements (leases), Management anticipates rental revenue over the next 5 years to be $128,000 in 2015, $79,000 in 2016, $57,000 in 2017, $13,000 in 2018 and $4,000 in 2019.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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