CORE DEPOSIT INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2012

CORE DEPOSIT INTANGIBLE ASSETS [Abstract]

CORE DEPOSIT INTANGIBLE ASSETS

7. CORE DEPOSIT INTANGIBLE ASSETS

A summary of core deposit intangible assets as of December 31, 2012 and 2011 are as follows (in thousands):

	2012		2011
Beginning carrying amount	$	3,619	$	3,619
Add:  amount related to acquisition		-		-
Gross carrying amount	$	3,619	$	3,619
Less: accumulated amortization		3,619		3,604
Net carrying amount	$	-	$	15

Amortization expense amounted to $15,000, $17,000 and $17,000 for 2012, 2011, and 2010, respectively.