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Premises and Equipment
12 Months Ended
Dec. 31, 2023
Premises and Equipment [Abstract]  
Premises and Equipment Text Block
NOTE 6: PREMISES AND EQUIPMENT
Premises and equipment at December 31, 2023 and 2022 is presented below.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31
(Dollars in thousands)
2023
2022
Land and improvements
$
12,800
12,788
Buildings and improvements
35,442
35,241
Furniture, fixtures, and equipment
3,986
3,861
Construction in progress
39
39
Total premises and equipment
52,267
51,929
Less:
 
accumulated depreciation
(6,732)
(5,354)
Premises and equipment, net
$
45,535
46,575
Depreciation expense was approximately $
1.4
 
million and $
1.2
 
million for the years ended December 31, 2023 and 2022,
respectively, and is a component of
 
net occupancy and equipment expense in the consolidated statements of earnings.