Premises and equipment, net, are summarized as follows:
 
 
 
December 31,
 
 
 
2016
 
2015
 
 
 
(In Thousands)
 
Land
 
$
1,342
 
$
1,342
 
Premises
 
 
5,832
 
 
5,832
 
Leasehold improvements
 
 
1,351
 
 
1,228
 
Furniture and equipment
 
 
4,661
 
 
3,914
 
 
 
 
13,186
 
 
12,316
 
Less accumulated depreciation
 
 
(6,102)
 
 
(5,627)
 
 
 
$
7,084
 
$
6,689