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Bank Premises and Equipment

12 Months Ended

Dec. 31, 2011

Bank Premises and Equipment [Abstract]

Bank Premises and Equipment

Note G Bank Premises and Equipment

Bank premises and equipment are summarized as follows:


						Accumulated				Net
						Depreciation &				Carrying
		Cost				Amortization				Value
		(In thousands)
December 31, 2011
Premises (including land of $8,883)		$	48,691			$	(18,710	)		$	29,981
Furniture and equipment			21,300				(17,054	)			4,246

		$	69,991			$	(35,764	)		$	34,227

December 31, 2010
Premises (including land of $8,883)		$	48,522			$	(17,528	)		$	30,994
Furniture and equipment			21,080				(16,029	)			5,051

		$	69,602			$	(33,557	)		$	36,045

In accordance with the provisions of ASC Topic 360-10, the impairment or disposal of long-lived assets held for sale with a carrying amount of $2.4 million were written down to their fair value of $1.4 million based on appraised values less selling costs resulting in losses of $228,000 and $753,000, respectively, for 2010 and 2009 which was included in the consolidated statement of operations as “net loss on other estate owned and repossessed assets”. These assets were sold in 2011.

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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