Premises and Equipment

9 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

9. PREMISES AND EQUIPMENT

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


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

Land	$	6,588	$	6,588
Buildings and improvements		16,644		16,238
Furniture, fixtures and equipment		6,288		5,923
		29,520		28,749
Less accumulated depreciation		(8,440)		(7,384)
Total	$	21,080	$	21,365

Depreciation of premises and equipment totaled $355 thousand and $338 thousand for the three months ended September 30, 2014 and 2013, respectively, and $1.1 million and $1.0 million for the nine months ended September 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.

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