Premises and Equipment

12 Months Ended

Dec. 31, 2011

Note 6 – Premises and Equipment

Premises and equipment, stated at cost less accumulated depreciation and amortization, are summarized below:

December 31,	2011			2010
Land and buildings	$	8,368		$	7,200
Furniture and equipment		10,761			10,556
Leasehold improvements		2,256			2,229
Book value		21,385			19,985
Accumulated depreciation and amortization		(13,781	)		(13,433	)
Net book value	$	7,604		$	6,552

Depreciation and amortization expense on premises and equipment amounted to $856,000 and $853,000 for the years ended December 31, 2011 and 2010, 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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