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Other Real Estate
12 Months Ended
Dec. 31, 2011
Other Real Estate  
Other Real Estate

5. Other Real Estate

 

Other real estate, net consisted of the following (in thousands):

 

 

 

December 31,

 

 

 

2011

 

2010

 

Land

 

$

2,768

 

$

2,768

 

Buildings and improvements

 

9,481

 

9,297

 

Furniture, fixtures and equipment

 

5,904

 

4,532

 

Construction in progress

 

62

 

97

 

 

 

18,215

 

16,694

 

Accumulated depreciation

 

(6,544

)

(5,766

)

 

 

11,671

 

10,928

 

Land held for investment

 

188

 

188

 

 

 

$

11,859

 

$

11,116

 

 

In June 2010, the Company recorded an impairment loss of $1.9 million on an office building and land adjacent to one of its hotels in anticipation of a possible sale.

 

As of December 31, 2011, other real estate, net included a commercial laundry facility, an office building and a vacant parcel of land.