PREMISES AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2013

Property Plant And Equipment [Abstract]

NOTE 4 – PREMISES AND EQUIPMENT, NET

Year-end premises and equipment were as follows:


	2013		2012
Land and improvements	$	8,556,000	$	8,556,000
Buildings		24,733,000		24,564,000
Furniture and equipment		12,718,000		12,861,000

		46,007,000		45,981,000
Less: accumulated depreciation		21,109,000		20,062,000

Total premises and equipment	$	24,898,000	$	25,919,000

Depreciation expense totaled $1.3 million in 2013, $1.5 million in 2012, and $1.6 million in 2011.

- 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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