PREMISES AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Schedule of Premises and Equipment

Premises and equipment at December 31, 2017 and 2016 are as follows (in thousands):

	2017		2016
Land	$	4,803	$	4,803
Buildings	41,045		40,831
Projects in progress	357		—
Equipment and furniture	37,545		37,072
Leasehold improvements	5,465		5,445
	89,215		88,151
Less accumulated depreciation and amortization	62,558		59,228
Net book value	$	26,657	$	28,923

Rent Commitments, before Considering Renewal Options

Rent commitments, before considering renewal options that generally are present, were as follows (in thousands):

Year	Estimated Expense
2018	$	1,121
2019	902
2020	737
2021	732
2022	732
2023 and thereafter	4,369
Total	$	8,593

Schedule of Capital Leased Assets

The Corporation has included these leases in premises and equipment as follows:

	2017			2016
Buildings	$	5,572		$	5,572
Accumulated depreciation	(874		)	(540		)
Net book value	$	4,698		$	5,032

Schedule of Future Minimum Lease Payments for Capital Leases

The following is a schedule by year of future minimum lease payments under the capitalized lease, together with the present value of net minimum lease payments as of December 31, 2017 (in thousands):

Year	Amount
2018	$	367
2019	367
2020	376
2021	388
2022	391
2023 and thereafter	4,031
Total minimum lease payments	5,920
Less amount representing interest	1,403
Present value of net minimum lease payments	$	4,517