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Note 7 - Premises and Equipment

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note 7. Premises and Equipment

Premises and equipment are summarized as follows at December 31, 2024 and 2023 (in thousands):

		2024				2023
Land		$	8,489			$	5,412
Buildings and leasehold improvements			28,941				21,145
Furniture and equipment			12,353				8,237
Construction in process			541				962
		$	50,324			$	35,756
Less accumulated depreciation			15,500				13,614
Premises and equipment, net		$	34,824			$	22,142

Depreciation expense included in operating expenses for 2024 and 2023 was $1.9 million and $1.6 million, respectively.

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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.

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