CORE DEPOSIT INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2011

Core Deposits Intangible Assets [Abstract]

CORE DEPOSIT INTANGIBLE ASSETS

7. CORE DEPOSIT INTANGIBLE ASSETS

A summary of core deposit intangible assets is as follows (in thousands):

	December 31,
	2011	2010
Beginning carrying amount	$         3,619	$         3,619
Add:  amount related to acquisition	-	-
Gross carrying amount	$         3,619	$         3,619
Less: accumulated amortization	3,604	3,587
Net carrying amount	$              15	$              32

Amortization expense amounted to $17,000, $17,000 and $160,000 for 2011, 2010 and 2009, respectively.  The estimated amortization expense of intangible assets for the next fiscal year is as follows (in thousands):

For the year ended December 31, 2012	15
Total	$              15