PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2012

NOTE 5 — PREMISES AND EQUIPMENT

Details of premises and equipment at December 31 are as follows (dollars in thousands):

	2012		2011

Land	$	2,062	$	1,811
Buildings and improvements	13,151		12,141
Furniture, fixtures, and equipment	5,916		4,933
Construction in progress	19		196
Total cost basis	21,148		19,081
Less - accumulated depreciation	10,515		9,454

Net book value	$	10,633	$	9,627

Depreciation of premises and equipment charged to operating expenses amounted to $1.092 million in 2012, $1.067 million in 2011, and $1.098 million in 2010.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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