Premises and Equipment, net

12 Months Ended

Dec. 31, 2016

Premises and Equipment, net

Note 9. Premises and Equipment, net

Components of premises and equipment included in the balance sheets at December 31, 2016 and 2015 were as follows:

(Dollars in thousands)	2016			2015
Land and improvements	$	2,350		$	2,350
Buildings and improvements		12,221			12,232
Furniture and equipment		10,323			10,069
Total cost		24,894			24,651
Less accumulated depreciation		(14,050	)		(13,005	)
Premises and equipment, net	$	10,844		$	11,646

Depreciation expense for the years ended December 31, 2016 and 2015 totaled $1.1 million and $998 thousand, respectively.