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Premises and Equipment
12 Months Ended
Dec. 31, 2023
Premises and Equipment  
Premises and Equipment

Note 6: Premises and Equipment

Premises and equipment are summarized as follows for the years ended December 31, 2023 and 2022:

Range of

December 31, 

December 31, 

(dollars in thousands)

Useful Lives

    

2023

    

2022

Land

N/A

$

8,119

$

5,174

Building

15 - 39 Years

 

41,266

 

41,265

Leasehold Improvements

3  10 Years

 

1,951

 

2,380

Furniture and Equipment

2  5 Years

 

6,544

 

6,978

Subtotal

 

57,880

 

55,797

Accumulated Depreciation

 

(8,994)

 

(7,352)

Totals

$

48,886

$

48,445

Depreciation and amortization expense charged to noninterest expense for the years ended December 31, 2023, 2022 and 2021, totaled $2.5 million, $2.6 million and $2.4 million, respectively.