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Note 8 - Premises and Equipment
 12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

8.

PREMISES AND EQUIPMENT

 

Major classifications of premises and equipment at December 31 are as follows:

 

(Dollar amounts in thousands)

 

2024

  

2023

 
         

Land and land improvements

 $4,896  $4,896 

Building and leasehold improvements

  21,190   21,014 

Furniture, fixtures, and equipment

  10,564   10,104 

Financing right-of-use assets

  4,990   4,990 

Construction in process

  139   - 

Total premises and equipment

  41,779   41,004 

Less accumulated depreciation and amortization

  21,214   19,665 
         

Total premises and equipment, net

 $20,565  $21,339 

 

Depreciation and amortization expense charged to operations was $1.6 million in 2024 and $1.7 million in 2023.  The expense includes amortization of financing right-of-use assets.