Annual report pursuant to Section 13 and 15(d)

Note 5 - Premises and Equipment

v3.22.4
Note 5 - Premises and Equipment
 12 Months Ended
Dec. 31, 2022
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,

  
   

2022

    

2021

  
   

(In Thousands)

  

Land

   $ 5,809     $ 5,830  

Building

     38,319       38,261  

Furniture and equipment

     32,454       31,183  

Leasehold improvements

     13,773       13,400  

Construction in progress

     1,933       62  

Total premises and equipment, cost

     92,288       88,736  

Accumulated depreciation

     (32,438 )     (28,436 )

Total premises and equipment, net

   $ 59,850     $ 60,300  

 

The provisions for depreciation charged to occupancy and equipment expense for the years ended December 31, 2022, 2021 and 2020 were $4.1 million, $4.1million, and $3.8 million, respectively.