Premises and Equipment

12 Months Ended

Dec. 31, 2014

8. PREMISES AND EQUIPMENT

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


	December 31,
	2014		2013
	(Dollars in thousands)

Land	$	7,652	$	6,588
Buildings and improvements		21,831		16,238
Furniture, fixtures and equipment		8,075		5,923
		37,558		28,749
Less accumulated depreciation		(12,358)		(7,384)
Total	$	25,200	$	21,365

Depreciation of premises and equipment totaled $1.5 million, $1.4 million and $1.2 million for the year ended December 31, 2014, 2013 and 2012, 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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