PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2024

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

8. PREMISES AND EQUIPMENT

Premises and equipment consist of the following:

(Dollars in thousands)	December 31,
	2024		2023
Land	$	302	$	294
Buildings and improvements		13,916		13,862
Furniture, computer software and equipment		9,153		7,280
		23,371		21,436
Less: accumulated depreciation		(13,989)		(13,256)
	$	9,382	$	8,180

Depreciation expense on premises and equipment charged to operations was $733,000 in 2024 and $563,000 in 2023.

The Company had no premises and equipment subject to lease agreements in which it acts as the lessor.