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Premises and Equipment
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Premises and Equipment

NOTE 8 – PREMISES AND EQUIPMENT

Year-end premises and equipment owned and utilized in the operations of the Company were as follows:

 

 

 

2023

 

 

 

2022

 

Land

 

$

10,134

 

 

$

6,200

 

Buildings

 

 

40,291

 

 

 

30,296

 

Furniture, fixtures and equipment

 

 

20,281

 

 

 

18,474

 

Leasehold Improvements

 

 

3,440

 

 

 

1,347

 

 

 

 

74,146

 

 

 

56,317

 

Less accumulated depreciation

 

 

(29,782

)

 

 

(25,553

)

Net book value

 

$

44,364

 

 

$

30,764

 

Depreciation expense was $3.4 million for year ended December 31, 2023, $2.5 million for the year ended December 31, 2022 and $1.8 million for the year ended December 31, 2021.