PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2022

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

NOTE 6. PREMISES AND EQUIPMENT

Premises and equipment at December 31, 2022 and 2021 are summarized as follows:

	December 31,
(Dollars in thousands)	2022		2021
Land	$	1,767	$	1,732
Buildings and improvements		6,116		6,013
Furniture, fixtures and equipment		1,743		1,763
Automobiles		92		92
Renovation in process		-		13
Total premises and equipment		9,718		9,613
Accumulated depreciation		(3,415)		(3,036)
Total premises and equipment, net	$	6,303	$	6,577

Depreciation expense totaled $448,000 and $424,000 for the years ended December 31, 2022 and 2021, respectively.