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

Premises and equipment consist of the following as of:

(dollars in thousands)	December 31, 2025			December 31, 2024
Land	$	676		$	676
Buildings		3,652			3,652
Building improvements		10,450			11,235
Furniture, fixtures, and equipment		6,447			7,483
Software		549			592
Automobiles		12			66
Construction in progress		392			6
Total premises and equipment		22,178			23,710
Less accumulated depreciation and amortization		(13,714	)		(13,581	)
Premises and equipment, net of accumulated depreciation and amortization	$	8,464		$	10,129

Depreciation expense was $1.2 million and $1.4 million for the years ended December 31, 2025 and 2024, respectively.

During the year ended December 31, 2025, the Company recorded a $358,000 impairment loss on its Bellevue branch leasehold improvements and equipment related to the announced closure of the branch in April 2026. These charges were recorded in other noninterest expense.