Premises and Equipment

12 Months Ended

Dec. 31, 2018

NOTE 5 - PREMISES AND EQUIPMENT

Components of premises and equipment at December 31 are as follows:



	2018		2017
	(In Thousands)
Land and improvements	$	2,832	$	2,771
Buildings and improvements		17,788		17,613
Furniture and equipment		7,171		6,636
		27,791		27,020
Accumulated depreciation		(13,945)		(13,156)

	$	13,846	$	13,864

Depreciation expense totaled $895,000 and $922,000 for the years ended December 31, 2018 and 2017, respectively.

Certain facilities are leased under various operating leases. Rental expense for these leases was $470,000 and $405,000, respectively, for the years ended December 31, 2018 and 2017. Future minimum rental commitments under noncancellable leases as of December 31, 2018 were as follows (in thousands):



2019	$	454
2020		452
2021		452
2022		452
2023		452
Thereafter		4,202
	$	6,464