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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:

 

    2011     2010  
             
Land and improvements   $ 8,166     $ 7,818  
Leasehold improvements     1,809       1,792  
Buildings     19,257       18,770  
Furniture, fixtures and equipment     11,144       10,720  
Total     40,374       39,100  
Accumulated depreciation     (17,549 )     (15,930 )
                 
Net premises and equipment   $ 22,827     $ 23,170  

 

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.