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Premises and Equipment (Tables)
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Schedule of Premises and Equipment

Premises and equipment consisted of the following:

 

            
(Dollars in thousands)  Estimated  As of December 31, 
   useful lives  2023   2022 
Land  Indefinite  $5,444   $7,234 
Office buildings and improvements  10 - 50 years   20,868    23,839 
Furniture and equipment  3 - 15 years   9,729    9,326 
Automobiles  2 - 5 years   555    555 
Total premises and equipment      36,596    40,954 
Accumulated depreciation      (16,887)   (16,627)
Total premises and equipment, net     $19,709   $24,327 

 

Depreciation expense totaled $1.3 million for the year ended December 31, 2023, $1.1 million for the year ended December 31, 2022, and $997,000 during the year ended 2021 and was included in occupancy and equipment expense on the consolidated statements of earnings.