Macatawa Bank Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

PREMISES AND EQUIPMENT - NET

PREMISES AND EQUIPMENT - NET

12 Months Ended

Dec. 31, 2012

PREMISES AND EQUIPMENT - NET [Abstract]

PREMISES AND EQUIPMENT - NET

NOTE 6 - PREMISES AND EQUIPMENT - NET

Year-end premises and equipment were as follows (dollars in thousands):

	2012			2011

Land	$	18,236		$	18,236
Building		42,512			42,378
Leasehold improvements		779			779
Furniture and equipment		19,308			18,986
Construction in progress		604			547
		81,439			80,926
Less accumulated depreciation		(27,863	)		(25,568	)
	$	53,576		$	55,358

Depreciation expense was $2,400,000 and $2,661,000 for 2012 and 2011.

The Bank leases certain office and branch premises and equipment under operating lease agreements. Total rental expense for all operating leases aggregated to $460,000 and $481,000 for 2012 and 2011, respectively. Future minimum rental expense under noncancelable operating leases as of December 31, 2012 is as follows (dollars in thousands):

2013	$	128
2014		9
2015		9
Thereafter		9
	$	155

- Definition

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.

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