Premises and Equipment

12 Months Ended

Dec. 31, 2013

Property Plant And Equipment [Abstract]

Note 5. Premises and Equipment

At December 31, 2013 and 2012, premises and equipment consisted of the following:


	2013			2012
Leasehold improvements	$	6,060,275		$	6,356,657
Furniture, equipment and software		6,981,177			6,591,500
Land		7,340,858			—
Buildings		4,956,407			964,745

		25,338,717			13,912,902
Less: accumulated depreciation and amortization		(10,277,279	)		(9,536,286	)

	$	15,061,438		$	4,376,616

For the years ended December 31, 2013, 2012 and 2011, depreciation and amortization expense related to premises and equipment totaled $1,230,917, $1,215,774 and $1,272,660 respectively. Included in the year ended December 31, 2012 of total premises and equipment above, approximately $88,000 was related to assets held for sale.

- 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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