PREMISES AND EQUIPMENT
|12 Months Ended|
Dec. 31, 2011
|PREMISES AND EQUIPMENT|
NOTE 4 - PREMISES AND EQUIPMENT
Year-end premises and equipment were as follows:
Year-end depreciation expense was $1,691, $1,781 and $1,673 for 2011, 2010 and 2009, respectively. Depreciation expense for 2010 included $100 impairment expense for the Walton banking center that is no longer in use and depreciation expense for 2011 included an additional $50 impairment expense on this banking center. This property is currently held for sale.
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.
Reference 1: http://www.xbrl.org/2003/role/presentationRef