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BANK PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

6. BANK PREMISES AND EQUIPMENT

Bank premises and equipment as of December 31, 2012 and 2011 were as follows (in thousands):

	2012		2011
Land	$	1,520	$	1,520
Building and improvements		3,347		3,346
Leasehold improvements		2,062		1,867
Furniture and equipment		3,205		2,607
		10,134		9,340
Less accumulated depreciation and amortization		3,582		2,990
Bank premises and equipment, net	$	6,552	$	6,350

Future minimum rental payments required under non-cancelable operating leases for bank premises that have initial or remaining terms in excess of one year as of December 31, 2012 are as follows (in thousands):

2013	$	1,929
2014		1,770
2015		1,534
2016		782
2017		739
Thereafter		865
	$	7,619

The leases contain options to extend for periods of 2 to 6 years. Rental expense for 2012, 2011 and 2010 was $1.9 million, $1.5 million and $1.4 million, respectively.

- Definition

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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