Premises And Equipment

12 Months Ended

Dec. 31, 2011

7. PREMISES AND EQUIPMENT

An analysis of premises and equipment follows:


	AT DECEMBER 31,
	2011		2010
	(IN THOUSANDS)
Land	$	1,208	$	1,208
Premises		23,534		22,780
Furniture and equipment		6,941		7,087
Leasehold improvements		516		512

Total at cost		32,199		31,587
Less: Accumulated depreciation and amortization		21,525		21,102

Net book value	$	10,674	$	10,485

The Company recorded depreciation expense of $1.5 million, $1.5 million and $1.6 million for 2011, 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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