Premises and Equipment

12 Months Ended

Dec. 31, 2025

Premises and Equipment

Premises and Equipment

Note 5 – Premises and Equipment

The following table summarizes the Company’s premises and equipment as of the periods stated:

	Expected Useful Lives	December 31, 2025		December 31, 2024
Land		$	6,475	$	4,631
Land improvements	7-20 years		2,727		2,727
Leasehold improvements	Lease term (including all anticipated extensions)		16,333		12,926
Buildings and improvements	20-50		29,971		23,225
Furniture, fixtures, and equipment	3-10		23,057		20,492
			78,563		64,001
Less accumulated depreciation			(32,354)		(29,347)
Total		$	46,209	$	34,654

The Company had depreciation expense for the years ended December 31, 2025, 2024 and 2023 in the amount of $3.0 million, $2.8 million and $2.7 million, respectively.