Premises and Equipment

12 Months Ended

Dec. 31, 2012

(8) Premises and Equipment

Premises and equipment consisted of the following:

(dollars in thousands)	December 31,
	2012			2011
Land and buildings	$	35,892		$	35,892
Furniture and equipment		13,477			12,879
Land improvements		3,561			3,536
Computer software		3,689			3,364
Construction in progress		600			209
Subtotal		57,219			55,880
Less: accumulated depreciation		(20,468	)		(18,388	)
Total	$	36,751		$	37,492

Depreciation expense on premises and equipment totaled $2.4 million for the year ended December 31, 2012, $2.1 million for the year ended December 31, 2011 and $1.7 million for the year ended December 31, 2010.

- 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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