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Premises and Equipment, Net

6 Months Ended

Jun. 30, 2013

Premises and Equipment, Net [Abstract]

4.	PREMISES AND EQUIPMENT, NET

Premises and equipment are comprised of the following:


	June 30, 2013		December 31, 2012

Land and improvements	$	8,556,000	$	8,556,000
Buildings		24,654,000		24,564,000
Furniture and equipment		12,609,000		12,861,000

		45,819,000		45,981,000
Less: accumulated depreciation		20,437,000		20,062,000


Premises and equipment, net	$	25,382,000	$	25,919,000

Depreciation expense totaled $0.3 million during the second quarter of 2013, compared to $0.4 million during the second quarter of 2012. Depreciation expense totaled $0.7 million during the first six months of 2013, compared to $0.8 million during the first six months of 2012.

- 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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