Premises and Equipment (Tables)

9 Months Ended

Sep. 30, 2012

The following table sets for the premises and equipment summary as of the dates indicated:


	September 30, 2012		December 31, 2011
(Dollars in thousands)	(Unaudited)
Furniture & Equipment	$	2,638	$	2,160
Leasehold Improvements		3,378		3,139

Gross Premises & Equipment		6,016		5,299
Less: Accumulated Depreciation		3,221		2,807

Premises & Equipment, net	$	2,795	$	2,492

Schedule of Future Minimum Lease Payments Required Under Operating Leases

The following is a schedule of future minimum lease payments required under operating leases that have initial or remaining lease terms in excess of one year as of the dates indicated:


	September 30, 2012		December 31, 2011
(Dollars in thousands)	(Unaudited)
2012	$	396	$	1,456
2013		1,580		1,580
2014		1,495		1,495
2015		1,501		1,501
2016		1,464		1,464
Thereafter		1,779		1,779

Total	$	8,215	$	9,275

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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