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Premises and Equipment
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Premises and Equipment Premises and Equipment
At December 31, 2023 and 2022, premises and equipment consisted of the following:
(In thousands)December 31,
20232022
Land$12,819 $12,819 
Buildings19,046 19,046 
Leasehold Improvements3,077 3,058 
Furniture, equipment, and software13,031 12,674 
Construction-in-progress65 69 
Premises and equipment, gross48,038 47,666 
Accumulated depreciation and amortization(18,163)(17,025)
Premises and equipment, net$29,875 $30,641 
For the years ended December 31, 2023, 2022 and 2021, depreciation and amortization expense related to premises and equipment totaled $1.2 million, $1.3 million, and $1.4 million, respectively. In 2021, the Bank sold a building located in the City New Haven, Connecticut for cash proceeds of $1.5 million, and recognized a gain of $550,000, which is included in other income of the consolidated statements of operations. No property was sold in 2023 and 2022.