Annual report pursuant to Section 13 and 15(d)

Note 5 - Premises and Equipment

v3.24.0.1
Note 5 - Premises and Equipment
 12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 5.         PREMISES AND EQUIPMENT

 

Premises and equipment are summarized as follows:

 

   

December 31,

  
   

2023

    

2022

  
   

(In Thousands)

  

Land

   $ 5,809     $ 5,809  

Building

     37,578       38,319  

Furniture and equipment

     34,976       32,454  

Leasehold improvements

     16,512       13,773  

Construction in progress

     1,300       1,933  

Total premises and equipment, cost

     96,175       92,288  

Accumulated depreciation

     (36,851 )     (32,438 )

Total premises and equipment, net

   $ 59,324     $ 59,850  

 

The provisions for depreciation charged to occupancy and equipment expense for the years ended December 31, 2023, 2022 and 2021 were $4.4 million, $4.1million, and $4.1 million, respectively.