Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2012

A summary of premises and equipment follows (in thousands):

	At December 31,
	2012			2011

Land	$	1,171		$	1,171
Buildings and improvements		2,046			1,959
Furniture, fixtures and equipment		1,170			1,026
Leasehold improvements		119			119

Total, at cost		4,506			4,275

Less accumulated depreciation and amortization		(1,600	)		(1,584	)

Premises and equipment, net	$	2,906		$	2,691

Schedule of Future Minimum Lease Payments

At December 31, 2012, the future minimum lease payments are approximately as follows (in thousands):

Year Ending December 31,	Amount

2013	$	80
2014		88
2015		88
2016		88
2017		88
Thereafter		88

	$	520

- Definition

Tabular disclosure of the useful life and salvage value of 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.

+ References+ Details