Premises and Equipment

12 Months Ended

Dec. 31, 2012

Note 7 — Premises and Equipment

Premises and equipment are summarized as follows:



	Estimated Useful Life (Years)		2012		2011
	(Dollars in Thousands)
Land			$	2,403	$	2,403
Buildings		5 – 40		13,434		12,711
Furniture, fixtures and equipment		2 – 20		17,226		16,191
Leasehold improvements		5 – 30		2,900		1,839
Subtotal				35,963		33,144
Less: accumulated depreciation and amortization				22,400		20,817
Total premises and equipment, net			$	13,563	$	12,327

Depreciation and amortization expense of premises and equipment for the three years ended December 31, amounted to $868,000 in 2012, $926,000 in 2011 and $1,096,000 in 2010.

- 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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