PREMISES AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2024

PREMISES AND EQUIPMENT, NET

PREMISES AND EQUIPMENT, NET

NOTE 4 — PREMISES AND EQUIPMENT, NET

Premises and equipment, net at December 31, 2024 and 2023 is as follows:

(Dollars in thousands)

	Estimated Useful
	Life (in years)	2024		2023
Land	N/A	$	3,744	$	3,744
Buildings	5-40		23,500		23,197
Leasehold improvements	1-20		347		338
Equipment	3-25		8,355		8,352
			35,946		35,631
Less:  Accumulated depreciation			15,674		16,020
Total		$	20,272	$	19,611

Depreciation amounted to $1,063,000 for 2024 and $1,050,000 for 2023 in the consolidated statements of income.