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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, net

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

 

 

 

December 31,

 

(Dollars in thousands)

 

2024

 

 

2023

 

Buildings and land

 

$

23,183

 

 

$

23,139

 

Furniture, fixtures and equipment

 

 

6,871

 

 

 

6,471

 

Software

 

 

267

 

 

 

267

 

Construction in progress

 

 

 

 

 

13

 

Total cost

 

 

30,321

 

 

 

29,890

 

Less: Accumulated depreciation

 

 

(8,927

)

 

 

(7,542

)

Premises and equipment, net

 

$

21,394

 

 

$

22,348

 

 

Depreciation expense for the years ended December 31, 2024 and 2023 was $1.5 million and $1.6 million, respectively. Software amortization expense for the years ended December 31, 2024 and 2023 was $12 thousand and $52 thousand, respectively.