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PREMISES, EQUIPMENT AND LEASEHOLD IMPROVEMENTS
12 Months Ended
Dec. 31, 2011
Premises Equipment And Leasehold Improvements  
PREMISES, EQUIPMENT AND LEASEHOLD IMPROVEMENTS

4. PREMISES, EQUIPMENT AND LEASEHOLD IMPROVEMENTS
   
  Premises, equipment and leasehold improvements are summarized as follows:

 

    2011     2010  
             
Bank buildings   $ 1,813,277     $ 1,813,277  
Land     838,075       838,075  
Leasehold purchase     30,000       30,000  
Lease improvements     662,054       424,760  
Equipment     3,096,152       2,948,691  
      6,439,558       6,054,803  
Accumulated depreciation     (3,827,593 )     (3,618,277 )
                 
Total   $ 2,611,965     $ 2,436,526  

 

Depreciation and amortization of bank premises and equipment charged to operating expense totaled $209,316 in 2011 and $231,922 in 2010.