Bank Premises and Equipment, Net

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Bank Premises and Equipment, Net

NOTE 6. Bank Premises and Equipment, Net

The major classes of bank premises and equipment and the total accumulated depreciation at December 31, 2022 and 2021 were as follows:

	December 31,
	2022		2021
	(in thousands)
Land	$	6,644	$	6,644
Buildings and improvements		18,649		18,561
Furniture and equipment		9,345		8,815
	$	34,638	$	34,020
Less accumulated depreciation		16,574		15,771
Bank premises and equipment, net	$	18,064	$	18,249

Depreciation expense on buildings and improvements was $486 thousand and $482 thousand for the years ended 2022 and 2021, respectively. Depreciation expense on furniture and equipment was $493 thousand and $514 thousand for the years ended 2022 and 2021, respectively.