Bank Premises And Equipment

12 Months Ended

Dec. 31, 2011

Bank Premises And Equipment [Abstract]

Bank Premises And Equipment

Note 6. Bank Premises and Equipment

Bank premises and equipment included in the Consolidated Balance Sheets are as follows:

December 31, (In thousands)	2011			2010
Land	$	704		$	929
Bank premises		3,666			4,421
Furniture and equipment		970			894
Total		5,340			6,244
Less accumulated depreciation		(2,445	)		(2,398	)
Bank premises and equipment, net	$	2,895		$	3,846

Depreciation expense was $227 thousand and $259 thousand for the years ended December 31, 2011 and 2010, respectively.

The Bank has entered into long-term leases for two of its branch banking facilities under agreements accounted for as operating leases. These leases were renewed in 2009, with the Salem lease expiring in 2014 and the Willis lease expiring in 2012. The Bank also entered into a long-term lease for land for one of its branches. The lease has an initial term of ten years, with automatic renewal in ten year increments terminating in 2046. Rental expense was $83 thousand and $81 thousand for 2011 and 2010, respectively. Future minimum lease payments are as follows:

	(In thousands)
2012		79
2013		79
2014		58
2015		28
2016		19
Years thereafter		—
Total	$	263