Premises, Furniture, and Equipment

12 Months Ended

Dec. 31, 2015

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:

	2015			2014
Land	$	9,228		$	9,531
Buildings and Improvements	45,924			47,723
Furniture and Equipment	23,500			22,772
Total Premises, Furniture and Equipment	78,652			80,026
Less:  Accumulated Depreciation	(40,835		)	(40,096		)
Total	$	37,817		$	39,930

Depreciation expense was $3,310, $3,409 and $2,910 for 2015, 2014 and 2013, 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: 

	2015			2014
Capital Leases	$	4,219		$	4,219
Less: Accumulated Depreciation	(892		)	(682		)
Total	$	3,327		$	3,537

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 2015:

2016	$	524
2017	524
2018	524
2019	524
2020	524
Thereafter	5,602
Total minimum lease payments	8,222
Less: Amount representing interest	(4,343		)
Present Value of Net Minimum Lease Payments	$	3,879