ASSETS HELD FOR SALE (Tables)

12 Months Ended

Dec. 31, 2012

The Company records assets held for sale at the lesser of fair value less costs to sale or carrying value. These assets are assessed for impairment at the time they are reclassified as held for sale and on a quarterly basis thereafter. During the quarter ended December 31, 2011, the Company decided to sell a property that had been purchased in 2007 for branch expansion. The Company also decided to sell its ownership stake in Elkton Senior Apartments, LLC. As of December 31, 2011, we had obtained a sales agreement for both assets. The real estate sale closed March 31, 2012 and the sale of our ownership stake in the LLC closed January 13, 2012. A schedule of assets held for sale (in thousands) at December 31 is as follows:

	2012		2011

Premises held for sale	$	-	$	1,128
Investment in Elkton Senior Apartments, LLC		-		4,775
	$	-	$	5,903

- Definition

Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss).

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