Premises and Equipment

12 Months Ended

Dec. 31, 2011

NOTE 6, Premises and Equipment

At December 31, premises and equipment consisted of:

	2011		2010
	(in thousands)
Land	$	7,804	$	7,808
Buildings		26,436		25,647
Leasehold improvements		858		855
Furniture, fixtures and equipment		16,947		15,994
		52,045		50,304
Less accumulated depreciation and amortization		21,781		20,688
	$	30,264	$	29,616

Depreciation expense for the years ended December 31, 2011, 2010 and 2009 amounted to $1.8 million, $1.9 million and $1.9 million, respectively.

The Company has noncancellable leases on premises and equipment expiring at various dates, not including extensions, to the year 2015. Certain leases provide for increased annual payments based on increases in real estate taxes and the Consumer Price Index.

The total approximate minimum rental commitment at December 31, 2011 under noncancellable leases is $684 thousand which is due as follows (in thousands):

2012	$	249
2013		181
2014		163
2015		91
Total	$	684

The aggregate rental expense of premises and equipment was $286 thousand, $282 thousand and $347 thousand for 2011, 2010 and 2009, respectively.

- 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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