XML 31 R14.htm IDEA: XBRL DOCUMENT v3.24.0.1

PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

Premises and equipment at December 31, 2023 and 2022 are as follows (in thousands):

						2023						2022
Land						$	4,664					$	4,674
Buildings						40,727						40,419
Projects in progress						11						82
Equipment and furniture						37,237						36,964
Leasehold improvements						4,874						4,874
						87,513						87,013
Less accumulated depreciation and amortization						72,942						70,900
Net book value						$	14,571					$	16,113

Depreciation expense was $2.0 million and $2.2 million for 2023 and 2022, respectively.

Finance Leases

The Corporation leases certain buildings under finance leases. The lease arrangements require monthly payments through 2036.

The Corporation has included these finance leases in premises and equipment as follows:

						2023						2022
Buildings						$	5,572					$	5,572
Accumulated depreciation						(2,872)						(2,540)
Net book value						$	2,700					$	3,032

X

- References

No definition available.

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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
-URI https://asc.fasb.org//360/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480321/958-360-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480321/958-360-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480321/958-360-50-7

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration