Premises And Equipment

12 Months Ended

Sep. 30, 2019

Property, Plant and Equipment, Net [Abstract]

Premises And Equipment, Net

PREMISES AND EQUIPMENT

A summary of the net carrying value of premises and equipment at September 30, 2019 and 2018 was as follows:

	2019		2018
	(Dollars in thousands)
Land	$	14,313	$	13,536
Building and improvements	110,262		107,580
Furniture, fixtures and equipment	52,270		48,852
	176,845		169,968
Less accumulated depreciation	80,061		73,963
	$	96,784	$	96,005

The Bank has entered into non-cancelable operating lease agreements with respect to banking premises and equipment. It is expected that many agreements will be renewed at expiration in the normal course of business. Rental expense was $1.5 million, $1.2 million, and $1.1 million for the years ended September 30, 2019, 2018, and 2017, respectively.

As of September 30, 2019, future minimum rental commitments, rounded to the nearest thousand, required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year were as follows:

2020	$	1,298
2021	1,187
2022	1,069
2023	930
2024	637
Thereafter	1,115
	$	6,236