PREMISES AND EQUIPMENT

12 Months Ended

Sep. 30, 2023

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

(5)         PREMISES AND EQUIPMENT

Premises and equipment consisted of the following at September 30, 2023 and 2022:

(In thousands)	2023		2022
Land and land improvements	$	5,375	$	5,328
Office buildings		25,337		23,942
Leasehold improvements		66		66
Furniture, fixtures and equipment		10,442		9,187
Construction in progress		671		749
	$	41,891	$	39,272
Less: accumulated depreciation		(14,030)		(12,172)
Totals	$	27,861	$	27,100

Depreciation expense recognized for premises and equipment for the years ended September 30, 2023, 2022 and 2021 is as follows:

(In thousands)	2023		2022		2021
Depreciation expense	$	2,108	$	2,125	$	2,023