Office Properties and Equipment, net

12 Months Ended

Dec. 31, 2022

Office Properties and Equipment, net [Abstract]

Office Properties and Equipment, net

Note 6 – Office Properties and Equipment, net

Year‑end office properties and equipment were as follows:

	December 31, 2022			December 31, 2021
	(In thousands)
Land	$	5,322		$	5,322
Office buildings and improvements		6,303			5,763
Rights of use assets		889			1,120
Furniture, fixtures, and equipment		2,185			2,171
		14,699			14,376
Less accumulated depreciation		(4,408	)		(4,032	)
Office properties and equipment, net	$	10,291		$	10,344

Depreciation expense was $376 thousand and $287 thousand for the years 2022 and 2021, respectively.