Land, Premises and Equipment, Net

12 Months Ended

Dec. 31, 2023

Land, Premises and Equipment, Net

Land, Premises and Equipment, Net

NOTE 7 Land, Premises and Equipment, Net

Components of land, premises and equipment at December 31, 2023 and 2022 were as follows:

	December 31,		December 31,
(dollars in thousands)	2023		2022
Land	$	4,542	$	4,542
Buildings and improvements		28,172		26,625
Leasehold improvements		2,657		2,657
Furniture, fixtures, and equipment		34,086		36,013
		69,457		69,837
Less accumulated depreciation		(51,517)		(52,549)
Total	$	17,940	$	17,288

Depreciation expense for the years ended December 31, 2023, 2022, and 2021 amounted to $2.5 million, $3.0 million, and $3.6 million, respectively.