CORE DEPOSIT INTANGIBLE

12 Months Ended

Dec. 31, 2012

CORE DEPOSIT INTANGIBLE

CORE DEPOSIT INTANGIBLE

NOTE 6 - CORE DEPOSIT INTANGIBLE

The gross carrying value and accumulated amortization of the core deposit intangible is presented below:

	December 31,
	2012			2011
Core deposit intangible	$	3,258,000		$	3,258,000
Less accumulated amortization	(2,723,000		)	(2,442,000		)
	$	535,000		$	816,000

Amortization expense on core deposit intangible for the years ended December 31, 2012 and 2011 was $281,000 and $304,000, respectively.

Estimated future amortization expense on core deposit intangible for the five succeeding fiscal years is as follows:

Year Ending December 31,	Amount
2013	$	264,000
2014	75,000
2015	58,000
2016	58,000
2017	58,000