Note 6 - Premises and Equipment

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note 6: Premises and Equipment

A summary of the cost and accumulated depreciation of premises and equipment as of the dates indicated, follows:

	December 31,
	2024			2023
Premises	$	21,330		$	15,724
Furniture and equipment		7,078			7,862
Premises and equipment		28,408			23,586
Accumulated depreciation		(11,530	)		(12,477	)
Premises and equipment, net	$	16,878		$	11,109

Depreciation expense for the years ended December 31, 2024 and 2023 amounted to $900 and $754, respectively.

Premises includes construction in process. The amount for a new location in Roanoke, Virginia included in construction in process totaled $4,387 as of December 31, 2024 and $1,822 as of December 31, 2023. The Company expects the building will be completed and placed in service during the first quarter of 2025.