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Premises and Equipment

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Premises and Equipment

Note 5 – Premises and Equipment

As of December 31, premises and equipment consisted of the following:

(Dollars in thousands)
	2024				2023
Land and land improvements	$	7,932			$	8,415
Leasehold improvements		116				81
Buildings		28,525				29,635
Furniture and equipment		12,751				12,558
Total cost		49,324				50,689
Accumulated depreciation		(22,225	)			(20,939	)
Premises and equipment, net	$	27,099			$	29,750

Depreciation expense was $2.5 million, $2.5 million, and $2.7 million in 2024, 2023 and 2022, respectively.

The Bank leases certain branch properties and automated-teller machine locations in its normal course of business. Rent expense totaled $322,000, $327,000, and $211,000 for 2024, 2023 and 2022, respectively. The associated right of use assets are included in the applicable categories of fixed assets in the above table and the net book value of such assets approximates the operating lease liability. Rent commitments under non-cancelable operating leases were as follows, before considering renewal options that generally are present (dollars in thousands):

	2025		$	310
	2026			191
	2027			89
	2028			25
	2029			25
Thereafter				119
Total undiscounted cash flows				759
Less imputed interest				138
Total operating lease liabilities			$	621

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No definition available.

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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
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-6

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-Name Accounting Standards Codification
-Section 50
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-SubTopic 360
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
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-Topic 958
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