PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 4. PREMISES AND EQUIPMENT

The following table provides information on premises and equipment at December 31, 2014 and 2013.

(Dollars in thousands)	2014		2013
Land	$	5,818	$	5,818
Buildings and land improvements		13,537		13,459
Furniture and equipment		9,273		7,650
		28,628		26,927
Accumulated depreciation		(12,353)		(11,729)
Total	$	16,275	$	15,198

Depreciation expense totaled $867 thousand, $936 thousand and $1.1 million for 2014, 2013 and 2012, respectively.

The Company leases facilities under operating leases. Rental expense for the years ended December 31, 2014, 2013, and 2012 was $700 thousand, $744 thousand and $777 thousand, respectively. Future minimum annual rental payments are approximately as follows:

(Dollars in thousands)
2015	$	625
2016		474
2017		352
2018		327
2019		331
Thereafter		889
Total minimum lease payments	$	2,998

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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