XML 29 R14.htm IDEA: XBRL DOCUMENT v3.24.0.1
PREMISES AND EQUIPMENT
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
PREMISES AND EQUIPMENT PREMISES AND EQUIPMENT
The following table summarizes premises and equipment at December 31, 2023 and 2022.
20232022
Land$7,556 $7,583 
Buildings and improvements24,570 24,813 
Leasehold improvements5,557 5,359 
Furniture and equipment22,195 21,849 
Construction in progress593 59 
60,471 59,663 
Less accumulated depreciation31,078 30,335 
$29,393 $29,328 
Depreciation expense totaled $1.9 million, $2.1 million, and $2.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. During 2022, the Company announced strategic initiatives to drive long-term growth and improve operating efficiencies, which included the planned closure of five branch locations in Pennsylvania, and resulted in reductions to gross premises and equipment by $6.2 million and accumulated depreciation by $2.9 million due to write-downs of premises and equipment and the transfer of land and buildings to held-for-sale.