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Premises and Equipment (Tables)
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Premises and Equipment
Premises and equipment are carried at cost and consist of the following:
As of December 31,20222021
Land$6,404,000 $6,159,000 
Land improvements1,883,000 1,788,000 
Buildings30,873,000 30,685,000 
Equipment11,659,000 11,807,000 
50,819,000 50,439,000 
Less accumulated depreciation22,542,000 21,490,000 
Total premises and equipment$28,277,000 $28,949,000 
Schedule of Anticipated Rental Revenue
Future minimum receipts under lease agreements at December 31, 2022 by year and in the aggregate are:
2023$115,000 
2024116,000 
2025116,000 
2026116,000 
2027116,000 
Thereafter15,000 
$594,000 
Right-of-use Asset and Lease Liability
The right‑of‑use asset and lease liability by lease type, and the associated balance sheet classifications as of December 31, 2022 and 2021 were as follows:

Balance Sheet Classification
20222021
Right-of-use assets:
Operating leasesPremises and equipment, net$737,000$822,000
Lease liabilities:
Operating leasesOther liabilities$737,000$822,000
Future Lease Payments for Operating Leases
Future lease payments for operating leases with initial terms of one year or more as of December 31, 2022 are as follows:

2023$97,000
202497,000 
202597,000 
202691,000 
202728,000 
Thereafter431,000 
Total undiscounted lease payments841,000 
Less: imputed interest104,000 
Net lease liability$737,000