Bank Premises and Equipment, Net

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

The major classes of bank premises and equipment and the total accumulated depreciation at December 31, 2013 and 2012 were as follows:



	December 31,
	2013		2012
	(in thousands)
Land	$	4,865	$	3,727
Buildings and improvements	16,795		16,943
Furniture and equipment	7,654		7,198
	$	29,314	$	27,868
Less accumulated depreciation	12,100		11,323
Bank premises and equipment, net	$	17,214	$	16,545

Depreciation expense on buildings and improvements was $434 thousand, $432 thousand, and $443 thousand for the years ended 2013, 2012, and 2011, respectively. Depreciation expense on furniture and equipment was $368 thousand, $389 thousand, and $400 thousand for the years ended 2013, 2012, and 2011, 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, 2013 under these leases was due as follows:



	December 31, 2013
	(in thousands)
2014	$	52
2015	52
2016	52
2017	52
2018	52
Thereafter	725
	$	985

The total building and equipment rental expense was $138 thousand, $144 thousand, and $147 thousand in 2013, 2012, and 2011, 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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