Annual report pursuant to Section 13 and 15(d)

PREMISES AND EQUIPMENT - NET (Tables)

v3.6.0.2
PREMISES AND EQUIPMENT - NET (Tables)
12 Months Ended
Dec. 31, 2016
PREMISES AND EQUIPMENT - NET [Abstract]  
Year-End Premises and Equipment
Year-end premises and equipment were as follows (dollars in thousands):
 
   
2016
   
2015
 
Land
 
$
18,227
   
$
18,227
 
Building
   
43,600
     
43,449
 
Leasehold improvements
   
779
     
779
 
Furniture and equipment
   
20,576
     
19,353
 
Construction in progress
   
358
     
575
 
     
83,540
     
82,383
 
Less accumulated depreciation
   
(33,514
)
   
(30,927
)
   
$
50,026
   
$
51,456
 
Future Minimum Rental Expense under Noncancelable Operating Leases
Future minimum rental expense under noncancelable operating leases as of December 31, 2016 is as follows (dollars in thousands):
 
               
 
2017
 
$
 237
     
 
2018
   
 234
     
 
2019
   
 234
     
 
2020
   
 129
     
 
2021
   
 ---
     
 
Thereafter
   
 ---
     
     
$
 834