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Note 10 - Property and Equipment
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 10 – Property and Equipment

 

The following table summarizes the book value of our assets and accumulated depreciation:

 

  

December 31,

  

December 31,

 

(in thousands)

 2025  2024 

Land

 $472  $472 

Buildings and improvements

  4,147   4,147 

Furniture and fixtures

  818   762 

Accumulated depreciation

  (1,387)  (1,232)

Total property and equipment, net

 $4,050  $4,149 

 

We own our corporate headquarters in Goose Creek, SC. Excess capacity is leased to an unrelated third party. Gross rental income was approximately $108 thousand and $104 thousand during the years ended December 31, 2025 and December 31, 2024, respectively, and is reflected on the line item, "Other miscellaneous income," in our consolidated statement of income.

 

Depreciation expense related to property and equipment totaled approximately $155 thousand and $164 thousand during the years ended  December 31, 2025 and December 31, 2024, respectively.