Premises and Equipment, net

12 Months Ended

Dec. 31, 2014

Note 8.

Premises and Equipment, net

Components of premises and equipment included in the balance sheets at December 31, 2014 and 2013 were as follows:


	2014			2013
(Dollars in thousands)
Land and improvements	$	2,004		$	1,998
Buildings and improvements		13,032			11,764
Furniture and equipment		9,703			8,882

Total cost		24,739			22,644
Less accumulated depreciation		(12,857	)		(12,024	)

Premises and equipment, net	$	11,882		$	10,620

Depreciation expense for the years ended December 31, 2014 and 2013 totaled $792 thousand and $755 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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