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PREMISES, EQUIPMENT AND LEASEHOLD IMPROVEMENTS

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

PREMISES, EQUIPMENT AND LEASEHOLD IMPROVEMENTS

4.	Premises, Equipment and Leasehold Improvements

Premises, equipment and leasehold improvements are summarized as follows:

	December 31,
	2014			2013
Bank buildings	$	1,824,613		$	1,824,613
Land		838,075			838,075
Leasehold purchase		30,000			30,000
Lease improvements		684,083			681,168
Construction in process		11,754			—
Equipment		2,940,401			2,857,330
		6,328,926			6,231,186
Accumulated depreciation		(3,976,503	)		(3,776,325	)

Total	$	2,352,423		$	2,454,861

Depreciation and amortization on our bank premises and equipment charged to operating expense totaled $200,178 in 2014, $192,844 in 2013, and $206,603 in 2012.

- 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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