As of December 31,

(In thousands)

    

Estimated Useful Lives

    

2016

    

2015

Land

 

 

 

$
1,156

 

$
1,156

Buildings and leasehold improvements

 

5 - 39 years

 

 
6,993

 

 
5,433

Furniture, fixtures and equipment

 

3 - 7 years

 

 
5,647

 

 
7,796

Premises and equipment, gross

 

 

 

 
13,796

 

 
14,385

Less accumulated depreciation and amortization

 

 

 

 
(8,398)

 

 
(10,426)

Premises and equipment, net

 

 

 

$
5,398

 

$
3,959