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Premises And Equipment | 12 Months Ended
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Dec. 31, 2011
Premises And Equipment [Abstract] |
Premises And Equipment | 6. Premises and Equipment The following summarizes premises and equipment at December 31, 2011 and 2010:
|  | 2011 |  |  | 2010 |
Land |  | $ | 4,122 |  |  | $ | 4,122 |
Premises and leasehold improvements |  |  | 23,993 |  |  |  | 23,309 |
Furniture and equipment |  |  | 17,527 |  |  |  | 16,626 |
Construction in progress |  |  | 104 |  |  |  | 140 |
|  |  | 45,746 |  |  |  | 44,197 |
Less: accumulated depreciation |  |  | 21,742 |  |  |  | 20,062 |
Premises and equipment, net |  | $ | 24,004 |  |  | $ | 24,135 |
Depreciation on premises and equipment amounted to $1,823 in 2011, $1,726 in 2010, and $1,702 in 2009. The Corporation is committed under twelve noncancelable operating leases for facilities with initial or remaining terms in excess of one year. The minimum annual rental commitments under these leases at December 31, 2011 are as follows:
2012 |  | $ | 345 |
2013 |  |  | 249 |
2014 |  |  | 229 |
2015 |  |  | 208 |
2016 |  |  | 197 |
Thereafter |  |  | 1,252 |
|  | $ | 2,480 |
Rental expense, net of rental income, charged to occupancy expense for 2011, 2010, and 2009 was $349, $368, and $338, respectively. In December 2009, the Corporation entered into a sale-leaseback transaction for real estate used in the operations of one of its branch office locations. The lease term is seventeen years, with two automatic renewal terms of five years each. The Corporation sold the property for $1,200 but financed the entire sales amount. Because the buyer/lessor did not make an initial investment on the purchase of the real estate that is adequate to transfer the risks and rewards of ownership, the Corporation deferred the entire gain of $489 associated with this transaction, which is included in accrued interest payable and other liabilities in the accompanying consolidated balance sheet. The gain is being recognized over the term of the loan under the installment method, and the gain recognized was $16 in 2011 and $14 in 2010. The minimum annual rental commitments under this lease at December 31, 2011 are as follows:
2012 |  | $ | 112 |
2013 |  |  | 112 |
2014 |  |  | 112 |
2015 |  |  | 112 |
2016 |  |  | 112 |
Thereafter |  |  | 1,117 |
|  | $ | 1,677 |

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- 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 + Details
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