Property, Plant and Equipment

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

5. 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)	2025			2024
Land	$	2,334		$	2,334
Buildings and improvements		9,815			11,629
Furniture, fixtures, and equipment		7,289			6,489
Leasehold Improvements		4,308			4,128
		23,746			24,580
Accumulated Depreciation		(7,789	)		(6,551	)
Total	$	15,957		$	18,029

The above table does not include premises and equipment that had been classified as assets held for sale on the balance sheet. At December 31, 2025 and December 31, 2024, there was $0 and $2,108 in premises and equipment classified as assets held for sale, respectively.

Depreciation expense was $1,648 and $1,892 for 2025 and 2024, respectively.