Premises and Equipment, Net

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Premises and Equipment, Net

Premises and Equipment, Net

Premises and equipment consists of the following: 

(Dollars in thousands)	2016			2015
Land	$	2,068		$	2,068
Facilities	22,873			22,849
Furniture, fixtures, and equipment	11,729			11,676
Construction in process and deposits on equipment and land	1,842			1,455
	38,512			38,048
Less accumulated depreciation	(19,491		)	(18,517		)
Total	$	19,021		$	19,531

Depreciation expense was $1.4 million for the year ended December 31, 2016, $1.3 million for the year ended December 31, 2015, and $1.5 million for the year ended December 31, 2014.

Pursuant to the terms of non-cancelable lease agreements in effect at December 31, 2016, pertaining to banking premises, future minimum rent commitments under various operating leases are as follows:

(Dollars in thousands)	December 31, 2016
2017	$	1,666
2018	1,617
2019	1,624
2020	1,444
2021	1,408
Thereafter	13,388
	$	21,147

Rent expense was $1.8 million, $2.0 million, and $2.8 million for the years ended December 31, 2016, 2015, and 2014, respectively, and is included in occupancy and equipment expense on the consolidated statements of income.