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Premises and Equipment
12 Months Ended
Dec. 31, 2017
Property Plant And Equipment [Abstract]  
Premises and Equipment

NOTE 7 - PREMISES AND EQUIPMENT

Year-end premises and equipment were as follows:

 

 

 

2017

 

 

2016

 

Land and improvements

 

$

5,022

 

 

$

5,094

 

Buildings and improvements

 

 

21,221

 

 

 

20,266

 

Furniture and equipment

 

 

17,004

 

 

 

16,070

 

Total

 

 

43,247

 

 

 

41,430

 

Accumulated depreciation

 

 

(25,636

)

 

 

(23,510

)

Premises and equipment, net

 

$

17,611

 

 

$

17,920

 

 

Depreciation expense was $1,249, $1,257 and $1,193 for 2017, 2016 and 2015, respectively.

Rent expense was $580, $540 and $506 for 2017, 2016 and 2015, respectively. Rent commitments under non-cancelable operating leases at December 31, 2017 were as follows, before considering renewal options that generally are present.

 

2018

 

$

571

 

2019

 

 

479

 

2020

 

 

226

 

2021

 

 

91

 

2022

 

 

36

 

Total

 

$

1,403

 

 

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