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Property and Equipment
 6 Months Ended
Jun. 30, 2024
Property and Equipment [Abstract]  
Property and Equipment

8.       Property and Equipment

 

Property and equipment, presented on a consolidated basis, including both continuing and discontinued operations, consisted of the following:

 

   June 30, 2024   December 31, 2023   Estimated Useful Life
Cost:             
Land  $1,249   $1,403   indefinite
Building and improvements   12,259    14,538   10 – 43 years
Electronic data processing equipment   1,441    1,441   5 – 7 years
Furniture and fixtures   2,733    2,953   5 – 7 years
Automobiles   1,265    1,319   2 – 3 years
Gross cost   18,947    21,654    
              
Accumulated depreciation   (11,361)   (11,757)   
Total property and equipment, net  $7,586   $9,897    

 

Depreciation expense was $187 and $188 for the three months ended June 30, 2024 and 2023, respectively, and $430 and $370 for the six months ended June 30, 2024 and 2023, respectively. Depreciation expense for continuing operations was $187 and $156 for the three months ended June 30, 2024 and 2023, respectively, and $341 and $309 for the six months ended June 30, 2024 and 2023, respectively. The depreciation expense for discontinued operations for the three months ended June 30, 2024, was $0 due to the impact of an asset transfer from Westminster to Nodak Insurance during the quarter.

 

Property and equipment for current and prior year continuing and discontinued operations consisted of the following:

 

   June 30, 2024 
Cost:     
Continuing operations  $18,947 
Discontinued operations   
—
 
Total cost   18,947 
      
Accumulated depreciation     
Continuing operations   (11,361)
Discontinued operations   
—
 
Total accumulated depreciation   (11,361)
      
Total property and equipment, net  $7,586 

 

   December 31, 2023 
Cost:     
Continuing operations  $18,756 
Discontinued operations   2,898 
Total cost   21,654 
      
Accumulated depreciation     
Continuing operations   (11,304)
Discontinued operations   (453)
Total accumulated depreciation   (11,757)
      
Total property and equipment, net  $9,897