Premises and Equipment

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Premises and Equipment

PREMISES AND EQUIPMENT (Dollars In Thousands)

A summary of premises and equipment at December 31, 2024 and 2023 is presented below:

	2024		2023
Land and Bank Premises	$	60,118	$	60,123
Equipment, Furniture and Fixtures	38,452		37,948
Construction in Progress	3,403		1,099
Leasehold Improvements	5,243		5,127
Total Cost	107,216		104,297
Accumulated Depreciation and Amortization	(51,782)		(49,115)
Net Owned Premises and Equipment	55,434		55,182
Leased Assets (see Note 18)	4,283		4,460
Net Premises and Equipment	$	59,717	$	59,642

Amounts charged to expense for depreciation totaled $4,432, $3,752 and $3,330 in 2024, 2023 and 2022, respectively. During 2024, the multi-year renovation project to enhance and improve the Queensbury branch location was started and accordingly, capital expenses were reflected in Construction in Progress.