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Premises and Equipment

12 Months Ended

Dec. 31, 2014

(5)

Premises and Equipment

A summary of premises and equipment at December 31, 2014 and 2013 is as follows:

(in thousands)	2014		2013

Land and land improvements	$	10,152	$	10,073
Buildings and improvements		35,504		33,730
Furniture and equipment		12,016		11,627
Construction in progress		523		2,402
Total		58,195		57,832
Less accumulated depreciation		20,697		19,753
Premises and equipment, net	$	37,498	$	38,079

Depreciation expense for the years ended December 31, 2014, 2013, and 2012 was as follows:

(in thousands)	2014		2013		2012

Depreciation expense	$	1,758	$	1,605	$	1,858

- 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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