Premises and Equipment

12 Months Ended

Dec. 31, 2012

Premises and Equipment [Abstract]

PREMISES AND EQUIPMENT

NOTE 4 – PREMISES AND EQUIPMENT

Premises and equipment consist of the following at December 31:

(Dollars in thousands)	2012		2011
Land and improvements	$	1,489	$	1,489
Buildings and improvements		9,422		9,422
Furniture and equipment		6,763		6,272
Leashold improvements		260		260
		17,934		17,443
Accumulated depreciation		9,459		8,930
Premises and equipment, net	$	8,475	$	8,513

The Bank leases certain office locations. Total rental expense under these leases approximated $298 thousand, $187 thousand, and $142 thousand in 2012, 2011 and 2010, respectively. Depreciation expense amounted to $567 thousand, $530 thousand and $527 thousand for the years ended December 31, 2012, 2011 and 2010, respectively.

Future minimum lease payments at December 31, 2012 were as follows:

(Dollars in thousands)
2013	$	299
2014		299
2015		294
2016		172
2017		32
Total	$	1,096