v3.26.1
PREMISES AND EQUIPMENT
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PREMISES AND EQUIPMENT PREMISES AND EQUIPMENT
Premises and equipment at December 31, 2025 and December 31, 2024 were as follows:
December 31, 2025December 31, 2024
Land and improvements$5,530 $5,530 
Building and improvements25,146 25,130 
Leasehold improvements3,092 3,176 
Furniture, fixtures, and equipment8,028 7,987 
Fixed assets in process— 37 
Total premises and equipment41,796 41,860 
Accumulated depreciation and amortization(10,608)(8,611)
Net premises and equipment (1)
$31,188 $33,249 
(1)There were no premises and equipment assets classified as assets from discontinued operations as of December 31, 2025 or December 31, 2024.
Depreciation and amortization expense was $2,188 and $2,464 for the year ended December 31, 2025 and December 31, 2024, respectively.
In December 2024, the Company sold 2 Bank owned branch buildings with a book value of $4,851, for a gain on sale of $11,649. These branch buildings were subsequently leased back to the Company and are reflected in Note 9 - Leases.