5. Bank Premises and Equipment

12 Months Ended

Dec. 31, 2017

Disclosure Text Block [Abstract]

5. Bank Premises and Equipment

5. BANK PREMISES AND EQUIPMENT

The major classes of bank premises and equipment and the total accumulated depreciation are as follows at December 31:

(In 000’s)	Estimated
	useful life	2017	2016
Leasehold improvements	10-15 years	$   832	$  832
Furniture and equipment	3- 7 years	1,439	1,332
		2,271	2,164
Less accumulated depreciation		(1,968)	(1,784)
		$   303	$   380

Depreciation expense on fixed assets totaled $185,882 and $190,334 for the years ended December 31, 2017 and 2016, respectively.

The Bank leases its facilities and certain equipment under non-cancelable operating lease agreements. The amount of expense for operating leases for the years ended December 31, 2017 and 2016 was $477,689 and $471,540, respectively. Future minimum lease payments under operating leases are as follows:

(In 000’s)
Year ending December 31,	Operating     leases
2018	503
2019	514
2020	437
2021	446
2022	371
Thereafter	204
Total minimum lease payments	$2,475