Premises and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Note 5 – Premises and Equipment

The major categories of banking premises and equipment and accumulated depreciation at December 31 are summarized below:


	(In Thousands)
	2014			2013
Land	$	4,984		$	4,360
Buildings (useful life 15-39 years)		21,955			20,593
Furnishings (useful life 3-15 years)		11,429			11,035

		38,368			35,988
Less: Accumulated depreciation		(18,068	)		(17,279	)

Premises and Equipment (Net)	$	20,300		$	18,709

Depreciation expense for the years ended December 31, 2014, 2013 and 2012 amounted to $1.3, $1.2, and $1.2 million, 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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