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Premises and Equipment

12 Months Ended

Dec. 31, 2023

Premises and Equipment

Premises and Equipment

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Note 9: Premises and Equipment

Major classifications of premises and equipment, stated at cost, are as follows:

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​	​	​	​	​	​	​
​	​	December 31,
​		2023			2022
​	​	(In thousands)
Land	​	$	8,099	​	$	3,696
Buildings	​		29,291	​		29,661
Building and remodeling in progress	​		2,489	​		—
Leasehold improvements	​		352	​		310
Furniture, fixtures, equipment and software	​		13,321	​		10,500
Total cost	​		53,552	​		44,167
Accumulated depreciation	​		(11,210)	​		(8,729)
Net premises and equipment	​	$	42,342	​	$	35,438

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The Company entered into a contract on September 15, 2023 for the construction of a new office building to expand its existing headquarters, which is expected to cost approximately $27.6 million and be completed by June 2025.

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

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-Topic 360
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