PREMISES AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Schedule of premises and equipment

The following table presents premises and equipment as of December 31,

(In thousands)	2017		2016
Land and land improvements	$	6,235	$	6,160
Buildings		12,589		11,982
Furniture and equipment		19,553		17,572
Leasehold improvements		11,819		11,138
Projects in progress		329		1,415
Capital lease asset		11,237		11,237
		61,762		59,504
Less:  accumulated depreciation		32,286		29,133
Total	$	29,476	$	30,371

The Company has included leases in premises and equipment as follows:

(In thousands)	2017		2016
Land and buildings	$	11,237	$	11,237
Less:  accumulated depreciation		4,663		3,915
Total	$	6,574	$	7,322

Schedule of future minimum lease payments under capitalized leases

The following is a schedule by year of future minimum lease payments under capitalized leases, together with the present value of net minimum lease payments as of December 31, 2017:

(In thousands)
2018	$	1,127
2019		1,146
2020		1,195
2021		1,233
2022		1,391
Thereafter		5,196
Total minimum lease payments		11,288
Less: amount representing interest		2,216
Present value of net minimum lease payments	$	9,072