BANK PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2015

BANK PREMISES AND EQUIPMENT [Abstract]

BANK PREMISES AND EQUIPMENT

7. BANK PREMISES AND EQUIPMENT

The following is a summary of bank premises and equipment, net as of December 31, 2015 and 2014:

(Dollars in thousands)	December 31, 2015		December 31, 2014
Land	$	747	$	747
Buildings and leasehold improvements		7,411		7,263
Furniture and equipment		2,652		2,565
Capital lease		597		315
Construction in progress		22		—
		11,429		10,890
Less: accumulated depreciation and amortization		7,017		6,597
	$	4,412	$	4,293

Total depreciation expense was $0.4 million for the years ended December 31, 2015 and 2014.