Premises and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

9. Premises and Equipment

Premises and equipment are summarized as follows:

	December 31
	2014		2013
	(In Thousands)
Cost:
Land	$	8,218	$	7,960
Land improvements		1,310		1,310
Buildings		42,022		39,716
Leasehold improvements		469		469
Furniture, fixtures and equipment		30,646		28,654
Construction in process		809		514
		83,474		78,623
Less allowances for depreciation and amortization		42,978		40,026
	$	40,496	$	38,597

Depreciation expense was $3.0 million, $3.1 million and $3.4 million for the years ended December 31, 2014, 2013 and 2012, respectively.

Lease Agreements

The Company has entered into lease agreements covering the five First Insurance Group offices, two banking center locations, two land leases for which the Company owns the banking centers, one land lease which is primarily used for parking, one land lease for future branch development and numerous stand-alone Automated Teller Machine sites with varying terms and options to renew.

Future minimum commitments under non-cancelable operating leases are as follows (In Thousands):

2015	$	706
2016		696
2017		508
2018		461
2019		451
Thereafter		4,077
Total	$	6,899

Rentals under operating leases amounted to $653,000, $723,000 and $1.2 million in 2014, 2013, and 2012, respectively.