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PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 5. PREMISES AND EQUIPMENT

The following table provides information on premises and equipment at December 31, 2011 and 2010.

(Dollars in thousands)		2011				2010
Land		$	4,902			$	4,902
Buildings and land improvements			13,404				12,290
Furniture and equipment			7,390				8,322
			25,696				25,514
Accumulated depreciation			(11,034	)			(11,031	)
Total		$	14,662			$	14,483

Depreciation expense totaled $996 thousand for 2011 and $1.1 million for both 2010 and 2009. The increase in buildings and land improvements was primarily from the purchases associated with the relocation of a branch of one of the Banks.

The Company leases facilities under operating leases. Rental expense for the years ended December 31, 2011, 2010, and 2009 was $753 thousand, $770 thousand and $774 thousand, respectively. Future minimum annual rental payments are approximately as follows:

(Dollars in thousands)
2012		$	725
2013			494
2014			371
2015			245
2016			246
Thereafter			1,387
Total minimum lease payments		$	3,468

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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