Premises And Equipment

12 Months Ended

Dec. 31, 2011

Note 6. Premises and Equipment

Premises and equipment are summarized as follows at December 31, 2011 and 2010:


	(in thousands)
	2011		2010
Land	$	4,397	$	4,664
Buildings and leasehold improvements		15,914		16,031
Furniture and equipment		9,832		9,617
Construction in process		1,054		485

	$	31,197	$	30,797
Less accumulated depreciation		11,599		10,495

	$	19,598	$	20,302

Depreciation expense included in operating expenses for 2011, 2010 and 2009 was $1.2 million, $1.2 million and $1.3 million, 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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