PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2023

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

NOTE 4 – PREMISES AND EQUIPMENT

Premises and equipment are summarized as follows:

	December 31,
(Dollars in thousands)	2023		2022
Land	$	2,604	$	2,604
Building		7,703		7,703
Leasehold improvements		4,354		4,011
Furniture, fixtures and equipment		4,758		3,870
Computer equipment		2,230		1,994
Computer software		861		844
Construction in process		5,605		2,224
Premises and equipment, gross		28,115		23,250
Accumulated depreciation		(9,983)		(8,993)
Premises and equipment, net	$	18,132	$	14,257

Depreciation expense for premises and equipment totaled $1.1 million, $1.2 million and $1.2 million for the years ended December 31, 2023, 2022 and 2021, respectively.