Lease Commitments And Total Rental Expense

12 Months Ended

Dec. 31, 2013

Lease Commitments And Total Rental Expense [Abstract]

Lease Commitments And Total Rental Expense

NOTE 11 – LEASE COMMITMENTS AND TOTAL RENTAL EXPENSE

The Company has operating lease agreements expiring in various years through 2020.  The Company has the option to extend the lease agreements for additional lease terms.  The Company is responsible to pay all real estate taxes, insurance, utilities and maintenance and repairs on its leased facilities.

Future minimum lease payments by year are as follows as of December 31, 2013:

(Dollars in thousands)
2014	$	432
2015		499
2016		485
2017		386
2018		303
Thereafter		347
	$	2,452

Rent expense was $469 thousand and $541 thousand for the years ended December 31, 2013 and 2012, respectively.