Annual report [Section 13 and 15(d), not S-K Item 405]

Note 4 - Premises and Equipment, Net

v3.25.1
Note 4 - Premises and Equipment, Net
12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 4 Premises and Equipment, Net

 

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

 

   

(Dollars in thousands)

 
   

2024

   

2023

 

Cost:

               

Land

  $ 9,066     $ 11,773  

Buildings and improvements

    34,876       41,252  

Lease right of use

    16,682       542  

Furniture and equipment

    20,310       19,401  

Total cost

    80,934       72,968  

Less accumulated depreciation

    (33,675 )     (34,532 )

Premises and equipment, net

  $ 47,259     $ 38,436  

 

Depreciation and amortization expense was approximately $2.8 million and $2.9 million for 2024 and 2023, respectively.