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4. Premises and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Major classifications of premises and equipment at December 31, 2014 and 2013 are summarized as follows:

(Dollars in thousands)
	2014		2013

Land	$	3,681	3,667
Buildings and improvements		15,864	15,126
Furniture and equipment		18,442	16,239

Total premises and equipment		37,987	35,032

Less accumulated depreciation		20,987	18,674

Total net premises and equipment	$	17,000	16,358

The Company recognized approximately $2.5 million in depreciation expense for the year ended December 31, 2014. Depreciation expense was approximately $1.9 million for the years ended December 31, 2013 and 2012.

- 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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