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Premises and Equipment | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
Premises and Equipment | PREMISES AND EQUIPMENT (Dollars In Thousands) A summary of premises and equipment at December 31, 2023 and 2022 is presented below:
| 2023 |  | 2022
Land and Bank Premises | $ | 60,123 |  |  | $ | 41,295 |
Equipment, Furniture and Fixtures | 37,948 |  |  | 35,107 |
Construction in Progress | 1,099 |  |  | 15,855 |
Leasehold Improvements | 5,127 |  |  | 5,083 |
Total Cost | 104,297 |  |  | 97,340 |
Accumulated Depreciation and Amortization | (49,115) |  |  | (45,486) |
Net Owned Premises and Equipment | 55,182 |  |  | 51,854 |
Leased Assets (see Note 18) | 4,460 |  |  | 4,637 |
Net Premises and Equipment | $ | 59,642 |  |  | $ | 56,491 |
Amounts charged to expense for depreciation totaled $3,752, $3,330 and $2,993 in 2023, 2022 and 2021, respectively. During 2023 the multi-year renovation project to enhance and improve the downtown Glens Falls Main Campus was completed and accordingly,amounts previously reflected in Construction in Progress were transferred into the appropriate asset category.

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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
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