Note 6 - Premises and Equipment

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment [Table Text Block]

Note 6 - Premises and Equipment

A summary of premises and equipment at December 31 was as follows:


	2011	2010
Land and improvements	$ 2,004	$ 2,052
Buildings	9,331	9,246
Furniture and equipment	7,634	7,489
Total cost	18,969	18,787
Less: accumulated depreciation	11,026	10,625
Premises and equipment, net	$ 7,943	$ 8,162

Depreciation and amortization of premises and equipment totaled $724 in 2011, $814 in 2010, and $930 in 2009.

The Bank leases certain of its facilities and equipment, certain of which provide for increased rentals based upon increases in cost of living adjustments and other operating costs. The approximate minimum annual rentals and commitments under these leases with remaining terms in excess of one year are as follows:


2012	125
2013	126
2014	129
2015	133
2016	94
Thereafter	334
Total	$ 941

Total rental expense under operating leases was $146, $186, and $184 in 2011, 2010, and 2009, respectively.

- 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

MID WISCONSIN FINANCIAL SERVICES INC 10-K