Premises and Equipment

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Premises and Equipment

NOTE 4 – PREMISES AND EQUIPMENT

Premises and equipment consisted of the following at December 31:

(Dollars in thousands)	2017		2016
Land and improvements	$	1,925	$	1,607
Buildings and improvements		11,206		10,365
Furniture and equipment		6,121		6,346
Leasehold improvements		99		191
		19,351		18,509
Accumulated depreciation		10,107		9,760
Premises and equipment, net	$	9,244	$	8,749

Depreciation expense amounted to $652 thousand, $690 thousand, and $660 thousand for the years ended December 31, 2017, 2016, and 2015, respectively.

The Bank leases certain office locations. Total rental expense under these leases approximated $158 thousand, $191 thousand, and $301 thousand in 2017, 2016, and 2015, respectively.

Future minimum lease payments at December 31, 2017 were as follows:

(Dollars in thousands)
2018	$	108
2019		71
2020		71
Total	$	250