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Premises and Equipment
12 Months Ended
Dec. 31, 2013
Premises and Equipment  
Premises and Equipment Text Block

NOTE 7: PREMISES AND EQUIPMENT

Premises and equipment at December 31, 2013 and 2012 is presented below

December 31
(Dollars in thousands)20132012
Land$5,2884,983
Buildings and improvements8,5399,110
Furniture, fixtures, and equipment3,1643,132
Total premises and equipment16,99117,225
Less: accumulated depreciation(6,549)(6,697)
Premises and equipment, net$10,44210,528

Depreciation expense was approximately $418 thousand, $366 thousand, and $328 thousand for the years ended December 31, 2013, 2012 and 2011, respectively, and is a component of net occupancy and equipment expense in the consolidated statements of earnings.