Premises and Equipment

3 Months Ended

Mar. 31, 2015

9. PREMISES AND EQUIPMENT

Premises and equipment as of the dates indicated are summarized as follows:


	March 31,		December 31,
	2015		2014
	(Dollars in thousands)

Land	$	7,652	$	7,652
Buildings and improvements		21,827		21,831
Furniture, fixtures and equipment		8,124		8,075
		37,603		37,558
Less accumulated depreciation		(12,786)		(12,358)
Total	$	24,817	$	25,200

Depreciation of premises and equipment totaled $426 thousand and $336 thousand for the three months ended March 31, 2015 and 2014, 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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