Premises and Equipment

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Premises and equipment are carried at cost and consist of the following:



As of December 31,	2013		2012
Land	$	4,532,000	$	4,532,000
Land improvements	799,000		781,000
Buildings	19,668,000		18,958,000
Equipment	12,196,000		11,592,000
	37,195,000		35,863,000
Less accumulated depreciation	13,579,000		12,875,000
	$	23,616,000	$	22,988,000

Based on current contractual agreements (leases), Management anticipates rental revenue over the next 5 years to be $149,000 in 2014, $107,000 in 2015, $72,000 in 2016, $56,000 in 2017 and $13,000 in 2018.

- 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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