Premises and Equipment

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Premises and Equipment

NOTE 4- PREMISES AND EQUIPMENT

Premises and equipment at March 31, 2024 and December 31, 2023 were as follows:

	2024			2023
Land	$	1,924		$	1,924
Buildings and improvements		20,775			19,264
Furniture, fixtures and equipment		2,576			2,556
		25,275			23,744
Less: Accumulated depreciation		(9,913	)		(9,787	)
	$	15,362		$	13,957

As of March 31, 2024, building and improvements included construction in process for the Hanceville branch and a new 278 drive-through for $36 and $6,135 respectively. As of December 31, 2023, building and improvements included construction in process for the Hanceville branch, South branch and the new 278 drive through for $8, $55, and $4,676 respectively. The address of the new drive-through is 515 4th Street N.W. Cullman, Alabama 35055. Depreciation expense for the three months ended March 31, 2024 and 2023 was $150 and $128, respectively.