Premises And Equipment

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Premises and Equipment

PREMISES AND EQUIPMENT

Premises and equipment are stated at cost less accumulated depreciation.  Depreciation is computed primarily by the straight-line method for premises and equipment over the estimated useful lives of the assets.  The estimated useful lives employed are on average 30 years for premises and 3 to 10 years for furniture and equipment.  Repairs and maintenance expenditures are charged to operating expenses as incurred.  Major improvements and additions to premises and equipment, including construction period interest costs, are capitalized.  No interest was capitalized during 2015, 2014, or 2013.

The major categories of premises and equipment and accumulated depreciation at December 31, 2015 and 2014 are summarized as follows:

Dollars in thousands	2015		2014
Land	$	6,308	$	6,308
Buildings and improvements	21,461		20,202
Furniture and equipment	14,552		13,223
	42,321		39,733
Less accumulated depreciation	20,749		19,673
Total premises and equipment, net	$	21,572	$	20,060

Depreciation expense for the years ended December 31, 2015, 2014 and 2013 approximated $1.08 million, $1.07 million, and $1.16 million, respectively.