Premises and Equipment

12 Months Ended

Dec. 31, 2011

(4)	Premises and Equipment

Major classifications of premises and equipment are summarized as follows:

(Dollars in thousands)
	2011		2010

Land	$	3,581	3,581
Buildings and improvements		14,771	14,759
Furniture and equipment		16,874	15,575

Total premises and equipment		35,226	33,915

Less accumulated depreciation		18,330	16,581

Total net premises and equipment	$	16,896	17,334

Depreciation expense was approximately $2.0 million for the year ended December 31, 2011. The Company recognized approximately $2.1 and $1.9 million in depreciation expense for the years ended December 31, 2010 and 2009, 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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