Premises and Equipment

12 Months Ended

Dec. 31, 2011

Note 6.

Premises and Equipment

Premises and equipment consisted of the following at December 31:

	2011		2010

Land	$	3,765,799	$	3,765,799
Buildings and improvements		11,064,498		11,043,738
Leasehold improvements		203,567		58,552
Furniture, fixtures and equipment		5,770,582		5,149,780
Vehicles		128,811		156,807
		20,933,257		20,174,676
Less accumulated depreciation		9,329,055		8,676,093
	$	11,604,202	$	11,498,583

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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