Premises And Equipment

12 Months Ended

Dec. 31, 2011

Note 9 – Premises and Equipment

Premises and equipment at December 31 is summarized as follows:


(dollars in thousands)	2011			2010
Land	$	14,638		$	11,675
Building and improvements		50,889			37,572
Furniture and equipment		46,239			30,764
Leasehold improvements		1,611			1,611

Premises and equipment, gross		113,377			81,622
Accumulated depreciation and amortization		(59,614	)		(36,693	)

Premises and equipment, net	$	53,763		$	44,929

Depreciation and amortization expense totaled $3.3 million, $3.6 million, and $3.7 million for the years ended December 31, 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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