Premises and Equipment

12 Months Ended

Dec. 31, 2011

NOTE E—PREMISES AND EQUIPMENT

Premises and equipment at December 31 were as follows:

In thousands	2011			2010

Land	$	1,791		$	1,323
Buildings and improvements		16,826			16,014
Furniture and equipment		11,737			11,410
Assets in process		267			149

		30,621			28,896
Accumulated depreciation		(16,138	)		(14,777	)

	$	14,483		$	14,119

Depreciation expense was $1,578,000, $1,701,000 and $1,644,000 for the years ended December 31, 2011, 2010 and 2009, 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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