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Premises and Equipment

6 Months Ended

Jun. 30, 2011

Premises and Equipment

Premises and Equipment

5. Premises and Equipment

Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are computed on a straight-line basis over the shorter of the lease term, generally three to fifteen years, or the estimated useful lives of the assets, generally three to five years.

Premises and equipment at June 30, 2011 and December 31, 2010 are comprised of the following:

		June 30, 2011
					Accumulated			Net Book
(dollars in thousands)		Cost			Depreciation			Value

Leasehold improvements		$	5,488		$	(3,864	)	$	1,624
Furniture and fixtures		1,045			(954		)	91
Capitalized software		3,330			(3,061		)	269
Equipment		2,431			(2,192		)	239
Total premises and equipment		$	12,294		$	(10,071	)	$	2,223

		December 31, 2010
					Accumulated			Net book
(dollars in thousands)		Cost			Depreciation			Value

Leasehold improvements		$	5,427		$	(3,506	)	$	1,921
Furniture and fixtures		1,075			(952		)	123
Capitalized software		3,220			(2,938		)	282
Equipment		2,356			(2,102		)	254
Total premises and equipment		$	12,078		$	(9,498	)	$	2,580

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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