Premises and Equipment

6 Months Ended

Jun. 30, 2011

Note 7 — Premises and Equipment

Premises and equipment were comprised of:


	June 30,			December 31,
	2011			2010
	(in thousands)
Premises	$	20,321		$	19,902
Furniture and equipment		24,536			26,009

		44,857			45,911
Less: Accumulated depreciation		(28,452	)		(30,556	)

		16,405			15,355
Land and land improvements		3,737			3,765

	$	20,142		$	19,120

Depreciation expense for premises and equipment amounted to $604,000 and $707,000 for the three months ended June 30, 2011 and 2010, respectively. Depreciation expense for premises and equipment amounted to $1,250,000 and $1,407,000 for the six months ended June 30, 2011 and 2010, 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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