Premises and Equipment

12 Months Ended

Dec. 31, 2014

7.PREMISES AND EQUIPMENT

A summary of premises and equipment is as follows:

	At December 31,
	2014			2013
	(In thousands)
Premises:
Land	$	278		$	278
Buildings and improvements	5,046			4,931
Equipment	2,472			2,359
	7,796			7,568
Less accumulated depreciation and amortization	(3,977		)	(3,899		)

Premises and equipment, net	$	3,819		$	3,669

Depreciation and amortization expense for the years ended December 31, 2014 and 2013 amounted to $343,000 and $285,000, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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