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Premises and Equipment, Net
6 Months Ended
Jun. 30, 2012
Premises and Equipment, Net [Abstract]  
PREMISES AND EQUIPMENT, NET
4. PREMISES AND EQUIPMENT, NET

Premises and equipment are comprised of the following:

 

                 
    June 30,
2012
    December 31,
2011
 
     

Land and improvements

  $ 8,531,000     $ 8,531,000  

Buildings

    24,528,000       24,528,000  

Furniture and equipment

    13,097,000       12,977,000  
   

 

 

   

 

 

 
      46,156,000       46,036,000  

Less: accumulated depreciation

    19,992,000       19,234,000  
   

 

 

   

 

 

 
     

Premises and equipment, net

  $ 26,164,000     $ 26,802,000  
   

 

 

   

 

 

 

Depreciation expense totaled $0.4 million during both the second quarter of 2012 and 2011, and $0.8 million during both the first six months of 2012 and 2011.