PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 4. PREMISES AND EQUIPMENT

The following table provides information on premises and equipment at December 31, 2013 and 2012.

(Dollars in thousands)	2013		2012
Land	$	5,818	$	5,818
Buildings and land improvements		13,459		13,159
Furniture and equipment		7,650		7,589
		26,927		26,566
Accumulated depreciation		(11,729)		(10,973)
Total	$	15,198	$	15,593

Depreciation expense totaled $936 thousand, $1.1 million and $996 thousand for 2013, 2012 and 2011, respectively.

The Company leases facilities under operating leases. Rental expense for the years ended December 31, 2013, 2012, and 2011 was $744 thousand, $777 thousand and $753 thousand, respectively. Future minimum annual rental payments are approximately as follows:

(Dollars in thousands)
2014	$	617
2015		263
2016		248
2017		250
2018		255
Thereafter		883
Total minimum lease payments	$	2,516

- 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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