Premises and Equipment

12 Months Ended

Dec. 31, 2011

Note 5: Premises and Equipment

Major classifications of premises and equipment, stated at cost, are as follows:

	2011			2010
	(In thousands)

Land, buildings and improvements	$	12,710		$	11,941
Leasehold improvements		264			264
Furniture and equipment		9,724			9,160
Computer software		1,953			1,822

		24,651			23,187
Less accumulated depreciation		(14,847	)		(13,909	)

Net premises and equipment	$	9,804		$	9,278

- 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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