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Premises and Equipment
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Premises and Equipment

Note 6. Premises and Equipment

A summary of premises and equipment at December 31, is as follows (in thousands):

    

Useful Life

    

2024

    

2023

Land and land improvements

 

Indefinite

$

20,973

$

21,403

Building and leasehold improvements

 

15-40 years

 

73,539

 

71,582

Furniture, fixtures and equipment

 

3-7 years

 

25,999

 

24,301

Construction in progress

 

  

 

1,474

 

2,269

Total, gross

 

  

 

121,985

 

119,555

Accumulated depreciation

 

  

 

(30,892)

 

(26,592)

Total, net

 

  

$

91,093

$

92,963

At December 31, 2024 management estimates the cost necessary to complete the construction in progress will be approximately $214 thousand.

Depreciation and amortization expense relating to premises and equipment was $5.2 million, $5.1 million and $4.7 million for the years ended December 31, 2024, 2023 and 2022, respectively.