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PREMISES AND EQUIPMENT
12 Months Ended
Dec. 31, 2017
Property Plant And Equipment [Abstract]  
PREMISES AND EQUIPMENT

8.

PREMISES AND EQUIPMENT

Premises and equipment consist of the following:

 

 

 

December 31,

 

 

 

2017

 

 

2016

 

 

 

(Dollars in thousands)

 

Land

 

$

7,427

 

 

$

6,993

 

Buildings

 

 

25,814

 

 

 

23,907

 

Leasehold improvements

 

 

1,857

 

 

 

1,222

 

Furniture and equipment

 

 

29,034

 

 

 

26,323

 

 

 

 

64,132

 

 

 

58,445

 

Less: Accumulated depreciation and amortization

 

 

42,038

 

 

 

37,482

 

Total

 

$

22,094

 

 

$

20,963

 

 

Depreciation expense was $2.7 million for 2017, $2.3 million for 2016 and $2.1 million for 2015.

Rent expense was $790,000 for 2017, $597,000 for 2016 and $338,000 for 2015. Rent commitments under noncancelable operating leases for offices were as follows, before considering renewal options that generally are present:

 

 

(Dollars in thousands)

 

2018

 

$

1,014

 

2019

 

 

897

 

2020

 

 

824

 

2021

 

 

787

 

2022

 

 

693

 

Thereafter

 

 

2,978

 

Total

 

$

7,193