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Premises and Equipment
12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Premises and Equipment

NOTE 7 - PREMISES AND EQUIPMENT

Year-end premises and equipment were as follows:

 

     2015      2014  

Land and improvements

   $ 4,225       $ 3,770   

Buildings and improvements

     20,856         17,373   

Furniture and equipment

     15,996         13,942   
  

 

 

    

 

 

 

Total

     41,077         35,085   

Accumulated depreciation

     (24,133      (20,685
  

 

 

    

 

 

 

Premises and equipment, net

   $ 16,944       $ 14,400   
  

 

 

    

 

 

 

Depreciation expense was $1,193, $1,176 and $1,334 for 2015, 2014 and 2013, respectively.

 

Rent expense was $506, $377 and $367 for 2015, 2014 and 2013, respectively. Rent commitments under non-cancelable operating leases at December 31, 2015 were as follows, before considering renewal options that generally are present.

 

2016

   $ 529   

2017

     492   

2018

     307   

2019

     263   

2020

     48   

Thereafter

     —     
  

 

 

 

Total

   $ 1,639   
  

 

 

 

The rent commitments listed above are primarily for the leasing of seven financial services branches.