Premises and Equipment

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Premises and Equipment

NOTE 4 – PREMISES AND EQUIPMENT

Premises and equipment consist of the following at December 31:

(Dollars in thousands)	2015		2014
Land and improvements	$	1,559	$	1,489
Buildings and improvements		9,702		9,665
Furniture and equipment		8,031		7,567
Leasehold improvements		260		260
		19,552		18,981
Accumulated depreciation		11,343		10,695
Premises and equipment, net	$	8,209	$	8,286

The Bank leases certain office locations. Total rental expense under these leases approximated $301 thousand, $299 thousand, and $298 thousand in 2015, 2014 and 2013, respectively. Depreciation expense amounted to $660 thousand, $653 thousand and $625 thousand for the years ended December 31, 2015, 2014 and 2013, respectively.

Future minimum lease payments at December 31, 2015 were as follows:

(Dollars in thousands)
2016	$	205
2017		67
2018		35
Total	$	307