MBT FINANCIAL CORP - 10-K filing on 2017-03-10

Note 6 - Bank Premises and Equipment

12 Months Ended

Dec. 31, 2016

(6)	Bank Premises and Equipment

Bank premises and equipment as of year-end are as follows

(000s

omitted):

	2016		2015
Land, buildings and improvements	$	44,651	$	47,398
Equipment, furniture and fixtures		25,492		24,481
Total Bank premises and equipment	$	70,143	$	71,879
Less accumulated depreciation		42,974		43,635
Bank premises and equipment, net	$	27,169	$	28,244

Bank Premises and Equipment includes Construction in Progress of

$33,000

as of

December

31,

2016

and

$300,000

as of

December

31,

2015.

The projects in progress will be completed in

2017.

The estimated cost to complete all projects in process as of

December

31,

2016

$13,000.

The Company has entered into lease commitments for office and ATM locations. Rental expense charged to operations was

$179,000,

$184,000,

and

$190,000,

for the years ended

December

31,

2016,

2015,

and

2014,

respectively. The future minimum lease payments are as follows: