PREMISES & EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2013

Premises and equipment at December 31, 2013 and 2012 are summarized as follows (in thousands):

	December 31,
	2013	2012
Land	$ 3,295	$ 3,278
Buildings	12,448	12,448
Furniture, fixtures and equipment	6,204	6,374
Construction in process	104	64
	22,051	22,164
Less: accumulated depreciation	10,946	10,643
Premises and equipment, net	$ 11,105	$ 11,521

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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