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Note 5 - Premises and Equipment

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

(5) PREMISES AND EQUIPMENT

Premises and equipment as of December 31, 2024 and 2023 consisted of the following:

(In thousands)		2024				2023
Land and land improvements		$	5,219			$	5,219
Leasehold improvements			134				134
Office buildings			17,210				17,015
Furniture, fixtures and equipment			6,104				6,906
			28,667				29,274
Less accumulated depreciation			14,488				14,861
Totals		$	14,179			$	14,413

Depreciation expense was $951,000, $882,000 and $924,000 for the years ended December 31, 2024, 2023 and 2022, 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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