Premises and Equipment

12 Months Ended

Dec. 31, 2012

7. Premises and Equipment

Premises and equipment consisted of the following at December 31:

	2012			2011
	(in thousands)

Land	$	200		$	1,610
Premises	3,327			7,402
Leasehold improvements	4,123			2,530
Furniture, fixtures and equipment	6,114			4,687
Automobiles	192			155
Subtotal	13,956			16,384
Less: accumulated depreciation	(5,381		)	(6,565		)
Total	$	8,575		$	9,819

Depreciation expense for premises and equipment was $1.4 million for 2012, $1.2 million for 2011 and $991,000 for 2010.

- 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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