Premises and Equipment, net

6 Months Ended

Jun. 30, 2012

Premises and Equipment, net [Abstract]

Premises and Equipment, net

6. Premises and Equipment, net

The following table summarizes premises and equipment balances, net at the dates indicated (in thousands).

	June 30, 2012			December 31, 2011
Land	$	5,581		$	5,591
Buildings		19,523			19,497
Leasehold improvements		4,309			4,644
Furniture and equipment		12,355			12,147
Software		4,307			4,210
Bank automobiles		94			95
Capital lease asset		1,378			1,378
Premises and equipment, gross		47,547			47,562
Accumulated depreciation		(22,573	)		(21,758	)
Premises and equipment, net	$	24,974		$	25,804

At June 30, 2012, the Bank provided commercial and consumer banking through 27 branches, of which six were leased and 21 were owned. At June 30, 2012, the Bank also had six limited service branches located in retirement centers in the Upstate. Additionally, the Bank maintains a separate leased brokerage office location in Greenville County.

For disclosure related to premises and equipment regarding the sale of two branches subsequent to June 30, 2012, see Note 21, Subsequent Event.

Depreciation expense for the three months ended June 30, 2012 and 2011 was $549 thousand and $593 thousand, respectively. Depreciation expense for the six months ended June 30, 2012 and 2011 was $1.3 million and $1.2 million, respectively.