Premises And Equipment

12 Months Ended

Dec. 31, 2017

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 2017, 2016, or 2015.

The major categories of premises and equipment and accumulated depreciation at December 31, 2017 and 2016 are summarized as follows:

Dollars in thousands	2017		2016
Land	$	10,061	$	6,741
Buildings and improvements	29,620		23,028
Furniture and equipment	17,842		15,447
	57,523		45,216
Less accumulated depreciation	23,314		21,479
Total premises and equipment, net	$	34,209	$	23,737

Depreciation expense for the years ended December 31, 2017, 2016 and 2015 approximated $1.89 million, $1.22 million and $1.08 million, respectively.