Lease Commitments And Total Rental Expense

12 Months Ended

Dec. 31, 2015

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 2028.  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 payments under non-cancellable leases by year are as follows as of December 31, 2015:

(Dollars in thousands)
2016	$	732
2017		660
2018		577
2019		577
2020		171
Thereafter		682
	$	3,399

Rent expense was $649 thousand and $530 thousand for the years ended December 31, 2015 and 2014, respectively.