Premises and Equipment

6 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

9. PREMISES AND EQUIPMENT

Premises and equipment as of dated indicated are summarized as follows:



	June 30,		December 31,
	2014		2013
	(Dollars in thousands)

Land	$	6,588	$	6,588
Buildings and improvements		16,628		16,238
Furniture, fixtures and equipment		6,201		5,923
		29,417		28,749
Less accumulated depreciation		(8,091)		(7,384)
Total	$	21,326	$	21,365

Depreciation of premises and equipment totaled $371 thousand and $333 thousand for the three months ended June 30, 2014 and 2013, respectively, and $707 thousand and $674 thousand for the six months ended June 30, 2014 and 2013, 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.

+ References+ Details