Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2012

Summary of premises and equipment by major classification

Premises and equipment are summarized by major classification as follows:

	December 31,						Estimated
	2012			2011			Useful Lives
	(dollars in thousands)
Land	$	1,537		$	1,537			-
Building		29,162			29,028		39 Years
Leasehold improvements		1,230			1,206		15-27.5 Years
Furniture, fixtures and equipment		3,291			3,232		3-10 Years
Construction in process		94			-
Total at cost		35,314			35,003
Accumulated depreciation		(8,866	)		(7,785	)
	$	26,448		$	27,218

Minimum future annual rental payments on leases

The minimum future annual rental payments on leases are as follows:

Years Ended December 31, (in thousands)
2013	$	97
2014		98
2015		73
2016		3
Thereafter		-

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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