Premises and Equipment

12 Months Ended

Dec. 31, 2013

Note 7 — Premises and Equipment

Premises and equipment are summarized as follows:

	Estimated
	Useful Life
	(Years)	2013		2012
	(Dollars in Thousands)
Land	—	$	2,403	$	2,403
Buildings	5 – 40		13,675		13,434
Furniture, fixtures and equipment	2 – 20		17,604		17,226
Leasehold improvements	5 – 30		3,184		2,900
Subtotal			36,866		35,963
Less: accumulated depreciation and amortization			23,185		22,400
Total premises and equipment, net		$	13,681	$	13,563

Depreciation and amortization expense of premises and equipment for the three years ended December 31, amounted to $855,000 in 2013, $868,000 in 2012 and $926,000 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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