BANK PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2012

Note 7. BANK PREMISES AND EQUIPMENT

The following table summarizes bank premises and equipment at December 31, 2012 and 2011:

	December 31,
(in thousands)	2012		2011
Land	$	6,779	$	6,779
Buildings and improvements	10,612		10,519
Furniture, fixtures and equipment	12,106		11,357
Leasehold improvements	4,689		5,169
Total	$	34,186	$	33,824
Less accumulated depreciation	15,249		14,978
Net	$	18,937	$	18,846

Depreciation and amortization expense amounted to $1.4 million, $1.3 million and $1.4 million for the years ended December 31, 2012, 2011, and 2010, respectively.

- 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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