Premises And Equipment

12 Months Ended

Dec. 31, 2014

NOTE 7 – PREMISES AND EQUIPMENT

The components of premises and equipment at December 31, 2014 and 2013 are as follows:



(Dollars in thousands)	2014		2013

Land and land improvements	$	2,049	$	2,080
Building and building improvements		5,953		6,301
Leasehold improvements		771		360
Furniture, fixtures and equipment		5,089		6,892
Assets in progress		175		609
		14,037		16,242
Accumulated depreciation		(5,387)		(9,350)
Premises and equipment, net	$	8,650	$	6,892

During the years ended December 31, 2014 and 2013, depreciation expense totaled $797 thousand and $668 thousand, respectively.

- 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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