Premises, Furniture, and Equipment

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 5 – Premises, Furniture, and Equipment

Premises, furniture, and equipment was comprised of the following classifications at December 31:

	2012			2011
Land	$	7,948		$	7,878
Buildings and Improvements		43,706			41,850
Furniture and Equipment		19,584			19,944
Total Premises, Furniture and Equipment		71,238			69,672
Less:  Accumulated Depreciation		(34,684	)		(31,966	)
Total	$	36,554		$	37,706

Depreciation expense was $2,941, $3,261, and $2,872 for 2012, 2011, and 2010, respectively.

The Company leases two of its branch buildings under a capital lease. The lease arrangement requires monthly payments through 2027. The Company has included the leases in buildings and improvements as follows:

	2012			2011
Capital Leases	$	2,442		$	2,442
Less: Accumulated Depreciation		(344	)		(223	)
Total	$	2,098		$	2,219

The following is a schedule of future minimum lease payments under the capitalized leases, together with the present value of net minimum lease payments at year end 2012:

2013	$	348
2014		348
2015		348
2016		348
2017		348
Thereafter		4,378
Total minimum lease payments		6,118
Less: Amount representing interest		(3,796	)
Present Value of Net Minimum Lease Payments	$	2,322