Premises and Equipment

12 Months Ended

Sep. 30, 2020

Property, Plant and Equipment [Abstract]

Premises and Equipment

Premises and Equipment

Premises and equipment consisted of the following at September 30, 2020 and 2019 (dollars in thousands):

	2020		2019
Land	$	5,404	$	5,404
Buildings and improvements	24,636		23,847
Furniture and equipment	9,978		9,012
Property held for future expansion	129		334
Construction and purchases in progress	138		338
	40,285		38,935
Less accumulated depreciation	17,250		16,105
Premises and equipment, net	$	23,035	$	22,830

The Company leases certain premises under operating lease agreements.  Certain leases contain renewal options from five to ten years and escalation clauses. Total rental expense was $377,000, $332,000 and $206,000 for the years ended September 30, 2020, 2019 and 2018, respectively, which is included in premises and equipment expense in the accompanying consolidated statements of income. See Note 10 for additional information on the Company's leases.