Bank Premises and Equipment

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Bank Premises and Equipment

7.     Bank Premises and Equipment

December 31,	2016			2015			Estimated Useful Life
(dollars in thousands)
Land	$	3,478		$	3,478			—
Bank premises		19,272			19,272			30-39 years
Furniture and equipment		26,271			24,131			3-10 years
Leasehold improvements		12,802			12,892			30-39 years or lease term
		61,823			59,773
Accumulated depreciation and amortization		(38,406	)		(35,667	)
Total	$	23,417		$	24,106

The Company is obligated under a number of non-cancelable operating leases for premises and equipment expiring in various years through 2026. Total lease expense approximated $2,834,000, $2,755,000 and $2,465,000 for the years ended December 31, 2016, 2015 and 2014, respectively. Included in lease expense are amounts paid to a company affiliated with Marshall M. Sloane, Chairman of the Board, amounting to $424,000, $413,000, and $208,000, respectively. Rental income approximated $318,000, $314,000 and $307,000 in 2016, 2015 and 2014, respectively. Depreciation and amortization amounted to $3,099,000, $2,728,000, and $2,322,000 at December 31, 2016, 2015 and 2014 respectively.

Future minimum rental commitments for non-cancelable operating leases with initial or remaining terms of one year or more at December 31, 2016, were as follows:

Year		Amount
(dollars in thousands)
	2017	$	2,408
	2018		2,222
	2019		2,054
	2020		1,777
	2021		1,326
	Thereafter		2,526
		$	12,313