Office Premises And Equipment

12 Months Ended

Sep. 30, 2011

Office Premises And Equipment [Abstract]

Note 4 - Office Premises and Equipment

Office premises and equipment are summarized as follows:


	September 30,
	2011			2010
	(Dollar amounts in thousands)

Land	$	2,081		$	2,081
Office buildings		9,795			8,856
Construction in process		46			331
Furniture, fixtures, and equipment		2,050			2,165
Leasehold improvements		308			333

		14,280			13,766

Accumulated depreciation and amortization		(4,589	)		(4,451	)


	$	9,691		$	9,315

Depreciation expense was $568,000 and $535,000 for the years ended September 30, 2011, and 2010, respectively.

At September 30, 2011 the Bank had operating leases with respect to two branch offices and the Bank's Loan Center, which expire on various dates through fiscal 2031. Lease expense amounted to $243,000 and $211,000 in fiscal years 2011 and 2010, respectively. Minimum annual lease commitments are approximately as follows (dollar amounts in thousands):


2012	$	285
2013		288
2014		258
2015		258
2016		266
Thereafter		3,172

	$	4,527

- 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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