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Premises and Equipment
12 Months Ended
Dec. 31, 2012
Premises and Equipment [Abstract]  
Premises and Equipment

Note 5. Premises and Equipment

At December 31, 2012 and 2011, premises and equipment consisted of the following:

 

                 
    2012     2011  

Leasehold improvements

  $ 6,356,657     $ 6,959,730  

Furniture, equipment and software

    6,591,500       6,458,878  

Buildings

    964,745       —    
   

 

 

   

 

 

 
      13,912,902       13,418,608  

Less: accumulated depreciation and amortization

    (9,536,286     (9,310,290
   

 

 

   

 

 

 
    $ 4,376,616     $ 4,108,318  
   

 

 

   

 

 

 

For the years ended December 31, 2012, 2011 and 2010, depreciation and amortization expense related to premises and equipment totaled $1,215,774, $1,272,660 and $1,498,334, respectively. Included in total premises and equipment above, approximately $88,000 is related to assets held for sale.