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PREMISES & EQUIPMENT
 12 Months Ended
Dec. 31, 2023
PREMISES & EQUIPMENT [Abstract]  
PREMISES & EQUIPMENT
7. PREMISES & EQUIPMENT


Premises and equipment at December 31, 2023 and 2022 are summarized as follows (in thousands):

 
December 31,
  
   
2023
    
2022
  
Land
  
$
5,839
    
$
5,667
  
Buildings
    
22,948
      
20,997
  
Furniture, fixtures and equipment
    
8,499
      
7,512
  
Construction in process
    
1,921
      
151
  
     
39,207
      
34,327
  
Less: accumulated depreciation
    
17,823
      
16,708
  
Premises and equipment, net
  
$
21,384
    
$
17,619
  



Depreciation expense amounted to $1,147,000, $877,000 and $922,000 for 2023, 2022 and 2021, respectively.