v3.26.1
PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

Note 6—PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

 

   December 31, 
(Dollars in thousands)  2025   2024 
Land  $9,774   $9,804 
Premises   29,119    28,768 
Equipment   9,087    8,681 
Property and equipment in progress   84    118 
Property and equipment, gross   48,064    47,371 
Accumulated depreciation   18,722    17,396 
Property and equipment, net  $29,342   $29,975 

 

Depreciation expense included in operating expenses for the years ended December 31, 2025, 2024 and 2023 amounted to $1.7 million, $1.7 million, and $1.8 million, respectively.

 

As of December 31, 2025 and December 31, 2024 there were no premises held-for-sale. There was no gain or loss on premises held for sale during the years ended December 31, 2025 and December 31, 2024. There was no gain or loss on sale of property and equipment during the year ended December 31, 2025. There was a loss on sale of property and equipment of $5,000 during the year ended December 31, 2024. There was no gain or loss on sale of property and equipment during the year ended December 31, 2023.