Premises and Equipment

12 Months Ended

Dec. 31, 2013

(5) Premises and Equipment

A summary of premises and equipment at December 31, 2013 and 2012 is as follows:

(in thousands)	2013		2012
Land and land improvements	$	10,073	$	10,073
Buildings and improvements	33,730		34,174
Furniture and equipment	11,627		12,250
Construction in progress	2,402		155
Total	57,832		56,652
Less accumulated depreciation	19,753		19,631
Premises and equipment, net	$	38,079	$	37,021

Depreciation expense for the years ended December 31, 2013, 2012, and 2011 was as follows:

(in thousands)	2013		2012		2011
Depreciation expense	$	1,605	$	1,858	$	1,940

- 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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