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Premises and Equipment
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Premises and Equipment

Note 6. Premises and Equipment

A summary of premises and equipment at December 31, 2023 and 2022 is as follows:

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

Land

 

$

932

 

 

$

932

 

Buildings and improvements

 

 

4,717

 

 

 

4,717

 

Leasehold improvements

 

 

15,982

 

 

 

15,808

 

Furniture, fixtures and equipment

 

 

8,611

 

 

 

8,497

 

 

 

30,242

 

 

 

29,954

 

Less: accumulated depreciation and amortization

 

 

(14,189

)

 

 

(12,508

)

Total premises and equipment

 

$

16,053

 

 

$

17,446

 

 

Depreciation and amortization expense amounted to $1.8 million both for the years ended December 31, 2023 and 2022 and are included in occupancy and equipment in the accompanying consolidated statements of operations.