Premises And Equipment

12 Months Ended

Dec. 31, 2012

NOTE 9 - Premises & Equipment

The following summarizes the components of premises and equipment at December 31 for the years indicated:



(In Thousands)	Useful Life	2012		2011
Land		$	3,201	$	3,201
Furniture and equipment	3-7 years		9,389		8,929
Tenant improvements	2-15 years		6,771		6,708
Buildings	39 years		25,661		25,067
Total Premises and Equipment			45,022		43,905
Accumulated depreciation and amortization			(17,114)		(15,912)
Total Premises and Equipment, Net		$	27,908	$	27,993

Depreciation expense and amortization of leasehold improvements was $1.7 million, $1.7 million, and $1.6 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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