Bank Premises And Equipment, Net

12 Months Ended

Dec. 31, 2012

Bank Premises And Equipment, Net [Abstract]

NOTE 6. Bank Premises and Equipment, Net

The major classes of bank premises and equipment and the total accumulated depreciation at December 31, 2012 and 2011 were as follows:


		December 31,
		2012		2011
		(in thousands)
Land	$	3,727	$	3,727
Buildings and improvements		16,943		14,914
Furniture and equipment		7,198		7,063
	$	27,868	$	25,704
Less accumulated depreciation		11,323		10,504
Bank premises and equipment, net	$	16,545	$	15,200

Depreciation expense on buildings and improvements was $432 thousand, $443 thousand, and $404 thousand for the years ended December 31, 2012, 2011, and 2010, respectively. Depreciation expense on furniture and equipment was $389 thousand, $400 thousand, and $375 thousand for the years ended December 31, 2012, 2011, and 2010, respectively.

The Bank leases certain facilities under operating leases, which expire at various dates through 2032. These leases require payment of certain operating expenses and contain renewal options. The total minimum rental commitment at December 31, 2012 under these leases was due as follows:


		December 31, 2012
		(in thousands)
2013	$	83
2014		51
2015		51
2016		51
2017		51
Thereafter		768
	$	1,055

The total building and equipment rental expense was $144 thousand, $147 thousand, and $176 thousand in 2012, 2011, and 2010, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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