Premises And Equipment

12 Months Ended

Dec. 31, 2012

NOTE 7 – PREMISES AND EQUIPMENT

The components of premises and equipment at December 31, 2012 and 2011 are as follows:



(Dollars in thousands)	2012		2011

Land and land improvements	$	1,978	$	1,978
Building and building improvements		5,907		5,898
Leasehold improvements		401		393
Furniture, fixtures and equipment		6,908		6,754
Assets in progress		118		251
		15,312		15,274
Accumulated depreciation		(8,836)		(8,496)
Premises and equipment, net	$	6,476	$	6,778

During the years ended December 31, 2012 and 2011, depreciation expense totaled $677 thousand and $597 thousand, respectively.

- 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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