BANK PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2024

BANK PREMISES AND EQUIPMENT

BANK PREMISES AND EQUIPMENT

NOTE D - BANK PREMISES AND EQUIPMENT:

Bank premises and equipment are shown as follows (in thousands):

December 31,	Estimated Useful Lives (in years)	2024		2023
Land		$	5,515	$	5,534
Building	5 - 40		35,777		35,739
Furniture, fixtures and equipment	3 - 10		10,482		10,474
Construction-in-progress			—		573
Totals, at cost			51,774		52,320
Less: Accumulated depreciation			33,062		32,850
Totals		$	18,712	$	19,470

Depreciation and amortization related to bank premises and equipment charged to noninterest expense was approximately $1,678,000, $1,551,000 and $1,664,000 for the years ended December 31, 2024, 2023, 2022, respectively.

During the year ended December 31, 2024, the Bank sold one tract of land and one piece of equipment at a gain of $46,000, the Bank had disposals of equipment at a loss of $37,000.  During the year ended December 31, 2023, the Bank sold one tract of land for a gain of approximately $30,000. There were no sales or disposals for the year ended December 31, 2022.