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Note 5 - Premises and Equipment

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note 5: Premises and Equipment

The components of premises and equipment as of December 31, 2025 and 2024, are as follows:

		2025				2024
			(Dollars in thousands)
Land and improvements		$	2,951			$	2,940
Building and improvements			7,313				7,274
Furniture and equipment			1,531				1,477
Total gross equipment			11,795				11,691
Less accumulated depreciation			6,682				6,380
Premises and equipment, net		$	5,113			$	5,311

Depreciation expense was $302,000 and $293,000 for the years ended December 31, 2025 and 2024, 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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