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Bank Premises and Equipment, Net
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Bank Premises and Equipment, Net

NOTE 6. Bank Premises and Equipment, Net

The major classes of bank premises and equipment and the total accumulated depreciation at December 31, 2023 and 2022 were as follows:

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

Land

 

$

6,644

 

 

$

6,644

 

Buildings and improvements

 

 

19,247

 

 

 

18,649

 

Furniture and equipment

 

 

9,729

 

 

 

9,345

 

 

$

35,620

 

 

$

34,638

 

Less accumulated depreciation

 

 

17,512

 

 

 

16,574

 

Bank premises and equipment, net

 

$

18,108

 

 

$

18,064

 

 

Depreciation expense on buildings and improvements was $498 thousand and $486 thousand for the years ended 2023 and 2022, respectively. Depreciation expense on furniture and equipment was $504 thousand and $493 thousand for the years ended 2023 and 2022, respectively.