PREMISES AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2025

PREMISES AND EQUIPMENT, NET

PREMISES AND EQUIPMENT, NET

NOTE 4 — PREMISES AND EQUIPMENT, NET

Premises and equipment, net at December 31, 2025 and 2024 is as follows:

(Dollars in thousands)

	Estimated Useful
	Life (in years)	2025		2024
Land	N/A	$	3,744	$	3,744
Buildings	5-40		23,569		23,500
Leasehold improvements	1-20		347		347
Equipment	3-25		8,420		8,355
			36,080		35,946
Less:  Accumulated depreciation			16,703		15,674
Total		$	19,377	$	20,272

Depreciation amounted to $1,194,000 for 2025 and $1,063,000 for 2024 in the consolidated statements of income.