Premises and Equipment

12 Months Ended

Dec. 31, 2013

NOTE 4 - PREMISES AND EQUIPMENT

The following is a summary of premises and equipment:

	(Amounts in thousands)
	December 31,
	2013		2012
Land	$	1,387	$	1,387
Premises		8,372		8,128
Equipment		8,652		8,074
Leasehold improvements		203		265
Total premises and equipment		18,614		17,854
Less accumulated depreciation		11,938		11,289
Net book value	$	6,676	$	6,565

Depreciation expense was $713,000 in 2013, $640,000 in 2012 and $582,000 in 2011.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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