Premises and Equipment

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Premises and Equipment

Premises and Equipment

The following presents a summary of premises and equipment:

(Dollars in thousands)
December 31,	2025	2024
Land	$4,640	$3,920
Premises and improvements	37,427	36,499
Furniture, fixtures and equipment	20,798	21,482
Total premises and equipment	62,865	61,901
Less: accumulated depreciation	37,463	35,028
Total premises and equipment, net	$25,402	$26,873

The following table presents a summary of depreciation expense:

(Dollars in thousands)		Year ended December 31,
Fixed Asset Type	Income Statement Line Item	2025	2024	2023
Premises and improvements	Net occupancy	$1,609	$1,907	$1,840
Furniture, fixtures and equipment	Equipment	1,846	2,027	2,165
Total depreciation expense		$3,455	$3,934	$4,005

In the second quarter of 2024, the Bank sold an operations facility and a net gain of $988 thousand was recognized within other noninterest income. For the year ended December 31, 2023, there were no sales of premises and equipment and therefore, no gains or losses were recognized in that period.

In the fourth quarter of 2024, land and premises associated with five branch locations with a total net book value of $4.8 million were reclassified to held for sale, as the Bank committed to sell these assets and lease them back from the buyers. The sale-leaseback transactions were completed for these five branch locations in the first quarter of 2025. See Note 7 for additional information related to the leaseback of the assets.