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

Note 5. Premises and Equipment, net

The following table presents premises and equipment, net of accumulated depreciation, as of the dates stated.

 

 

 

December 31,

 

(Dollars in thousands)

 

2023

 

 

2022

 

Buildings and land

 

$

23,139

 

 

$

23,134

 

Furniture, fixtures and equipment

 

 

6,471

 

 

 

6,065

 

Software

 

 

267

 

 

 

262

 

Construction in progress

 

 

13

 

 

 

—

 

Total cost

 

 

29,890

 

 

 

29,461

 

Less: Accumulated depreciation

 

 

(7,542

)

 

 

(6,309

)

Premises and equipment, net

 

$

22,348

 

 

$

23,152

 

 

Depreciation expense for the years ended December 31, 2023, 2022, and 2021 was $1.6 million, $1.9 million, and $2.0 million, respectively. Software amortization expense for the years ended December 31, 2023, 2022, and 2021 was $52 thousand, $96 thousand, and $137 thousand, respectively.