PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2011

(5)	PREMISES AND EQUIPMENT

Premises and equipment as of December 31 consisted of the following:


(In thousands)	2011		2010
Land and land improvements	$	3,256	$	3,256
Leasehold improvements		56		50
Office buildings		10,044		9,967
Furniture, fixtures and equipment		4,870		4,702

		18,226		17,975
Less accumulated depreciation		7,505		6,983

Totals	$	10,721	$	10,992

Depreciation expense was $751,000 and $826,000 for the years ended December 31, 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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