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Note 5 - Premises and Equipment

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

(5)         PREMISES AND EQUIPMENT

Premises and equipment as of December 31, 2023 and 2022 consisted of the following:

(In thousands)		2023				2022
Land and land improvements		$	5,219			$	5,219
Leasehold improvements			134				134
Office buildings			17,015				16,911
Furniture, fixtures and equipment			6,906				6,757
			29,274				29,021
Less accumulated depreciation			14,861				14,353
Totals		$	14,413			$	14,668

Depreciation expense was $882,000, $924,000 and $996,000 for the years ended December 31, 2023, 2022 and 2021, respectively.

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- 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.

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