Premises and Equipment, Net

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Premises and Equipment, Net

Note 4 – Premises and Equipment, Net

Components of premises and equipment, net included in the consolidated balance sheets at September 30, 2023, and December 31, 2022, were as follows (dollars in thousands):

Schedule of Premises and equipment

	September 30,			December 31,
	2023			2022
Land and improvements	$	2,169		$	2,170
Buildings and improvements		12,482			12,439
Furniture and equipment		1,834			1,776
Total cost		16,485			16,385
Accumulated depreciation and amortization		(8,727	)		(8,308	)
Net book value	$	7,758		$	8,077

Depreciation and amortization expense was $419,000 and $360,000 for the nine months ended September 30, 2023, and September 30, 2022, respectively.