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Premises, Equipment and Leasehold Improvements and Depreciation
9 Months Ended
Sep. 30, 2011
Premises Equipment And Leasehold Improvements And Depreciation 
Premises, Equipment and Leasehold Improvements and Depreciation

Note 6: Premises, Equipment and Leasehold Improvements and Depreciation:

Buildings and equipment are carried at cost less accumulated depreciation, calculated on the straight-line method over the estimated useful life of the related assets - 40 years for buildings and 3 to 15 years for equipment.  Amortization of leasehold improvements is recorded using the straight-line method over the lesser of the estimated useful life of the asset or the term of the lease.  Maintenance and repairs are charged to operating expenses as incurred.