Premises and Equipment

12 Months Ended

Dec. 31, 2012

NOTE E — PREMISES AND EQUIPMENT

Premises and equipment at December 31 were as follows:


In thousands	2012			2011
Land	$	2,591		$	1,791
Buildings and improvements	17,004			16,826
Furniture and equipment	12,820			11,737
Assets in process	13			267
	32,428			30,621
Accumulated depreciation	(17,297		)	(16,138		)
	$	15,131		$	14,483

Depreciation expense was $1,401,000, $1,578,000 and $1,701,000 for the years ended December 31, 2012, 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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