Premises, Furniture, and Equipment

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Premises, Furniture, and Equipment

Premises, Furniture, and Equipment

Premises, furniture, and equipment was comprised of the following classifications at December 31:

	2017			2016
Land	$	11,541		$	10,255
Buildings and Improvements	60,076			55,676
Furniture and Equipment	28,902			26,830
Total Premises, Furniture and Equipment	100,519			92,761
Less:  Accumulated Depreciation	(46,273		)	(44,531		)
Total	$	54,246		$	48,230

Depreciation expense was $3,933, $3,774 and $3,310 for 2017, 2016 and 2015, respectively.

The Company leases three of its branch buildings under a capital lease. These lease arrangements require monthly payments through 2033. The Company has included the leases in buildings and improvements as follows: 

	2017			2016
Capital Leases	$	4,219		$	4,219
Less: Accumulated Depreciation	(1,312		)	(1,102		)
Total	$	2,907		$	3,117

The following is a schedule of future minimum lease payments under the capitalized leases, together with the present value of net minimum lease payments at year end 2017:

2018	$	519
2019	519
2020	519
2021	519
2022	519
Thereafter	4,511
Total minimum lease payments	7,106
Less: Amount representing interest	(3,456		)
Present Value of Net Minimum Lease Payments	$	3,650