XML 29 R13.htm IDEA: XBRL DOCUMENT v3.25.4
PREMISES AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PREMISES AND EQUIPMENT, NET PREMISES AND EQUIPMENT, NET
The following presents a summary of the cost and accumulated depreciation of premises and equipment as of the dates noted:
December 31,
(dollars in thousands)20252024
Building and building improvements$13,758 $12,207 
Leasehold improvements, including artwork14,886 14,178 
Land4,980 4,980 
Equipment and software8,845 7,572 
Gross premises and equipment42,469 38,937 
Less: accumulated depreciation(16,782)(14,808)
Premises and equipment, net$25,687 $24,129 
During the year ended December 31, 2025, the Company retired $0.5 million of equipment and software for a loss of $43 thousand. During the year end December 31, 2024, the the Company retired an immaterial amount of equipment and software for an immaterial loss.
Depreciation expense for Premises and equipment, net for the years ended December 31, 2025 and 2024 totaled $2.4 million and $2.3 million, respectively.