PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2014

PREMISES AND EQUIPMENT

An analysis of premises and equipment follows:

	AT DECEMBER 31,
	2014		2013

	(IN THOUSANDS)
Land	$	1,198	$	1,208
Premises		24,175		25,752
Furniture and equipment		8,337		8,912
Leasehold improvements		689		803
Total at cost		34,399		36,675
Less: Accumulated depreciation and amortization		21,387		23,556
Net book value	$	13,012	$	13,119

The Company recorded depreciation expense of $1.8 million and $1.7 million for the years 2014 and 2013, respectively.

- 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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