PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

7.	PREMISES AND EQUIPMENT

Premises and equipment consist of the following:

	December 31,
(Dollars in thousands)	2013		2012

Land	$	4,360	$	6,654
Buildings		25,455		25,567
Furniture, fixtures and equipment		12,350		12,320
		42,165		44,541
Less accumulated depreciation		(18,392)		(17,493)
	$	23,773	$	27,048

Three properties with an original cost of $1.7 million are no longer being held for future branch expansion. As of December 31, 2013, these properties are held for sale and have been moved to other real estate owned-bank lots.

Depreciation expense was $1,425,000, $1,554,000 and $1,638,000 for 2013, 2012 and 2011, respectively.

Certain premises are leased under various operating leases. Lease expense was $649,000, $703,000 and $679,000, for the years ended December 31, 2013, 2012 and 2011, respectively. Future minimum commitments under these leases are:

	Year Ended
(Dollars in thousands)	December 31,

2014	$	615
2015		615
2016		589
2017		466
2018		472
Thereafter		5,610
	$	8,367

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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