Premises And Equipment

12 Months Ended

Dec. 31, 2013

NOTE 7 – PREMISES AND EQUIPMENT

The components of premises and equipment at December 31, 2013 and 2012 are as follows:



(Dollars in thousands)	2013		2012

Land and land improvements	$	2,080	$	1,978
Building and building improvements		6,301		5,907
Leasehold improvements		360		401
Furniture, fixtures and equipment		6,892		6,908
Assets in progress		609		118
		16,242		15,312
Accumulated depreciation		(9,350)		(8,836)
Premises and equipment, net	$	6,892	$	6,476

During the years ended December 31, 2013 and 2012, depreciation expense totaled $668 thousand and $677 thousand, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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