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Note 5 - Premises and Equipment, Net
 12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 5 – Premises and Equipment, Net

At year end, premises and equipment are summarized as follows:

 

  

(Dollars in thousands)

 
  

2023

  

2022

 

Cost:

        

Land

 $11,773  $11,773 

Buildings and improvements

  41,794   40,753 

Furniture and equipment

  19,401   19,434 

Total cost

  72,968   71,960 

Less accumulated depreciation

  (34,532)  (31,748)

Premises and equipment, net

 $38,436  $40,212 

 

Depreciation expense was approximately $2.9 million and $3.0 million for 2023 and 2022, respectively.