Office Properties and Equipment

12 Months Ended

Dec. 31, 2013

Property Plant And Equipment [Abstract]

7. Office Properties and Equipment

Office properties and equipment consisted of the following as of December 31 of the years indicated.


*(dollars in thousands)*	2013		2012
Land	$	10,330	$	10,330
Buildings and improvements		23,170		22,809
Furniture and equipment		10,419		9,433

Total office properties and equipment		43,919		42,572
Less accumulated depreciation		13,216		11,795

Total office properties and equipment, net	$	30,703	$	30,777

Depreciation expense for the years ended December 31, 2013, 2012 and 2011 was $1,421,000, $1,452,000 and $1,299,000, respectively.

- 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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