PREMISES AND FIXED ASSETS, NET

12 Months Ended

Dec. 31, 2012

PREMISES AND FIXED ASSETS, NET [Abstract]

8. PREMISES AND FIXED ASSETS, NET

The following is a summary of premises and fixed assets, net:

	December 31, 2012			December 31, 2011
Land	$	7,067		$	7,237
Buildings		23,332			27,012
Leasehold improvements		10,661			9,689
Furniture, fixtures and equipment(1)		12,793			21,882
		53,853			65,820
Less: accumulated depreciation and amortization(1)		(23,335	)		(33,174	)
TOTAL	$	30,518		$	32,646

(1) During the year ended December 31, 2012, fully depreciated furniture, fixtures and equipment totaling $10,678 were removed from the general ledger, resulting in an offsetting reduction in the aggregate balance of both furniture, fixtures and equipment and accumulated depreciation.

Depreciation and amortization expense amounted to approximately $2,828, $2,851 and $2,138 during the years ended December 31, 2012, 2011 and 2010, respectively. Proceeds from the sales of premises and fixed assets were $17,477 during the year ended December 31, 2012. A gain of $13,726 was recognized on these sales. There were no sales of premises and fixed assets during the years ended December 31, 2011 and 2010.

- 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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