Premises and Equipment

12 Months Ended

Dec. 31, 2016

Property Plant And Equipment [Abstract]

NOTE 7—PREMISES AND EQUIPMENT

Year-end premises and equipment were as follows:

		2016			2015
Land	$	4,972		$	5,833
Buildings		25,064			24,724
Furniture, fixtures and equipment		14,169			13,485
Leasehold Improvements		466			450
		44,671			44,492
Less accumulated depreciation		(21,446	)		(20,302	)
NET BOOK VALUE	$	23,225		$	24,190

Depreciation expense was $1.7 million for year ended December 31, 2016, $1.5 million for year ended December 31, 2015 and $1.1 million for year ended December 31, 2014.

During June 2016 the Company added 1 location with the addition of Bowers in Trumbull County. All fixed assets were recorded at their fair market value.

During June 2015 the Company added 14 branches, mostly in Wayne and Medina Counties, as part of the NBOH acquisition and in September 2015, 4 branches, mostly in Columbiana County, as part of the Tri-State acquisition. All fixed assets were recorded at their fair market value.

The Company leases certain branch properties under operating leases. Rent expense was $362, $332, and $323 thousand for 2016, 2015 and 2014, respectively. In addition to rent expense, under the leases, common area maintenance and property taxes are paid and the amount can fluctuate according to the costs incurred. Rent commitments, before considering renewal options that generally are present, were as follows:

2017	$	361
2018		339
2019		336
2020		299
2021		283
Thereafter		1,121
TOTAL	$	2,739