Premises and Equipment

12 Months Ended

Dec. 31, 2012

8. Premises and Equipment

Premises and equipment are summarized as follows:

(in thousands) December 31	2012			2011
Land and buildings	$	75,918		$	75,240
Leasehold improvements		4,778			5,113
Furniture, fixtures, and equipment		46,680			46,463
Construction in progress		847			621
Total premises and equipment		128,223			127,437
Less accumulated depreciation and amortization		(73,902	)		(73,140	)
Premises and equipment, net	$	54,321		$	54,297

Depreciation and amortization of premises and equipment was $4.1 million for 2012 and $4.0 million for 2011 and 2010.

- 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.

+ References+ Details