PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2011

NOTE 7 - PREMISES AND EQUIPMENT

		As of December 31,
(In thousands)	Estimated Useful Lives	2011			2010
Land		$	2,396		$	2,396
Buildings and leasehold improvements	5 - 39 years		7,534			7,519
Furniture, fixtures and equipment	3 - 7 years		6,440			6,310
			16,370			16,225
Less accumulated depreciation and amortization			(10,976	)		(10,490	)
Premises and equipment, net		$	5,394		$	5,735

Depreciation and amortization expense, related to premises and equipment, was approximately $486,000, $686,000, and $907,000, for the years ended 2011, 2010, and 2009, respectively. Depreciation and amortization related to real estate owned via equity investments is not included in the above table.

- 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.

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