PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2015

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, 2015 and 2014.

(Dollars in thousands)	2015		2014
Land	$	5,818	$	5,818
Buildings and land improvements		15,982		13,537
Furniture and equipment		6,710		9,273
		28,510		28,628
Accumulated depreciation		(11,646)		(12,353)
Total	$	16,864	$	16,275

Depreciation expense totaled $912 thousand, $867 thousand and $936 thousand for 2015, 2014, and 2013, respectively.

The Company leases facilities under operating leases. Rental expense for the years ended December 31, 2015, 2014, and 2013 was $650 thousand, $700 thousand and $744 thousand, respectively. Future minimum annual rental payments are approximately as follows:

(Dollars in thousands)
2016	$	547
2017		426
2018		390
2019		380
2020		250
Thereafter		1,021
Total minimum lease payments	$	3,014