Properties And Equipment

12 Months Ended

Dec. 31, 2011

4. PROPERTIES AND EQUIPMENT

Properties and equipment at December 31 were as follows:


	2011		2010
	(in thousands)
Land		$268		$268
Buildings and improvements		12,451		12,351
Furniture, fixtures, and equipment		10,903		10,276

		23,622		22,895
Less accumulated depreciation		(13,145)		(12,054)

Properties and equipment, net		$10,477		$10,841

Depreciation expense totaled $1.3 million in 2011, $1.2 million in 2010 and $1.1 million in 2009.

- 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.

+ References+ Details