Premises and Equipment

12 Months Ended

Dec. 31, 2013

7. Premises and Equipment

Premises and equipment consisted of the following at December 31:

	2013			2012
	(in thousands)

Land	$	200		$	200
Premises	3,350			3,327
Leasehold improvements	5,231			4,123
Furniture, fixtures and equipment	8,137			6,114
Automobiles	187			192
Subtotal	17,105			13,956
Less: accumulated depreciation	(7,241		)	(5,381		)
Total	$	9,864		$	8,575

Depreciation expense for premises and equipment was $1.9 million for 2013, $1.4 million for 2012 and $1.2 million for 2011.

- 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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