Property, Plant and Equipment

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

6. PROPERTY, PLANT, AND EQUIPMENT

Year-end premises and equipment owned and utilized in the operations of the Company were as follows:

	December 31,
(In Thousands)	2024			2023
Land	$	2,334		$	3,099
Buildings and improvements		11,629			13,307
Furniture, fixtures, and equipment		6,489			6,340
Leasehold Improvements		4,128			3,450
		24,580			26,196
Accumulated Depreciation		(6,551	)		(6,066	)
Total	$	18,029		$	20,130

The above table does not include premises and equipment that has been classified as assets held for sale on the balance sheet. At both December 31, 2024 and December 31, 2023, there was $2.1 million in premises and equipment classified as assets held for sale.

Depreciation expense was $1.9 million and $1.1 million for 2024 and 2023, respectively.