Premises And Equipment

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Premises and Equipment

PREMISES AND EQUIPMENT

Land is carried at cost, while 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 2016, 2015, or 2014.

The major categories of premises and equipment and accumulated depreciation at December 31, 2016 and 2015 are summarized as follows:

Dollars in thousands	2016		2015
Land	$	6,741	$	6,308
Buildings and improvements	23,028		21,461
Furniture and equipment	15,447		14,552
	45,216		42,321
Less accumulated depreciation	21,479		20,749
Total premises and equipment, net	$	23,737	$	21,572

Depreciation expense for the years ended December 31, 2016, 2015 and 2014 approximated $1.22 million, $1.08 million and $1.07 million, respectively.