Annual report pursuant to Section 13 and 15(d)

Premises and Equipment

v2.4.0.6
Premises and Equipment
12 Months Ended
Dec. 31, 2012
Premises and Equipment

NOTE 6 — PREMISES AND EQUIPMENT

The following is a summary of the major components of premises and equipment:

 

     As of December 31,  
     2012     2011  
     (In Thousands)  

Land

   $ 6,120      $ 6,120   

Building and Improvements

     9,197        9,198   

Furniture and Equipment

     15,039        15,229   

Leasehold Improvements

     10,320        11,298   

Software

     862        862   
  

 

 

   

 

 

 
     41,538        42,707   

Accumulated Depreciation and Amortization

     (26,388     (26,104
  

 

 

   

 

 

 

Total Premises and Equipment, Net

   $ 15,150      $ 16,603   
  

 

 

   

 

 

 

Depreciation and amortization expense totaled $2.1 million, $2.2 million, and $2.3 million for the years ended December 31, 2012, 2011 and 2010, respectively.