Annual report pursuant to Section 13 and 15(d)

Premises and Equipment, Net

v3.3.1.900
Premises and Equipment, Net
 12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
Note 4 – Premises and Equipment, Net
 
At year end, premises and equipment are summarized as follows:
 
 
 
(Dollars in thousands)
 
 
 
2015
 
 
2014
 
Cost:
 
 
 
 
 
 
 
 
Land
 
$
5,216
 
 
$
4,623
 
Buildings and improvements
 
 
21,712
 
 
 
20,742
 
Furniture and equipment
 
 
13,929
 
 
 
12,608
 
Total cost
 
 
40,857
 
 
 
37,973
 
Less accumulated depreciation
 
 
(21,915
)
 
 
(20,249
)
Premises and equipment, net
 
$
18,942
 
 
$
17,724
 
 
Depreciation expense was approximately $1.39 million and $1.36 million for 2015 and 2014, respectively.