PREMISES AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT, NET

NOTE 5 – PREMISES AND EQUIPMENT, NET

Components of premises and equipment, net included in the consolidated balance sheets were as follows (dollars in thousands):

	June 30,			December 31,
	2024			2023
Land and improvements	$	3,316		$	1,806
Buildings and improvements		12,582			12,482
Furniture and equipment		3,655			1,953
Total cost		19,516			16,241
Accumulated depreciation and amortization		(10,927	)		(8,891	)
Net book value	$	8,626		$	7,350

Depreciation and amortization expenses were $282,000 and $136,000 for the three months ended June 30, 2024, and 2023, respectively. Depreciation and amortization expenses were $471,000 and $269,000 for the six months ended June 30, 2024, and 2023, respectively.