Premises and Equipment

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Premises and Equipment

NOTE 6 - PREMISES AND EQUIPMENT

Premises and equipment at December 31, 2017 and 2016 were as follows:

	2017		2016
Land	$	2,028	$	2,028
Buildings		8,611		8,611
Furniture, fixtures, and equipment		10,105		8,826
Leasehold improvements		2,108		2,102
Building improvements		4,545		4,537
Projects in process		189		467
Subtotal		27,586		26,571
Less accumulated depreciation and amortization		(12,128)		(10,559)
Total	$	15,458	$	16,012

Depreciation and amortization expense for these assets totaled $1.6 million and $1.4 million for the years ended December 31, 2017 and 2016, respectively.

The Company leases premises and equipment under operating leases. Minimum net rental commitments under non-cancelable leases, having an original or remaining term of more than one year for future years, were as follows:

Years Ending December 31,
2018	$	1,083
2019		1,019
2020		783
2021		650
2022		541
Thereafter		1,085
Total	$	5,161

Certain leases contain renewal options from five to ten years and escalation clauses based on increases in property taxes and other costs. Rental expense of leased premises and equipment was $1.1 million and $977,000 for the years ended December 31, 2017 and 2016, respectively, which is included in occupancy expense.