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, net, at December 31, 2025 and 2024, are summarized as follows:
2025
2024
(In thousands)
Land$3,058 $3,058 
Buildings and improvements18,598 18,598 
Leasehold improvements15,340 15,325 
Furnishings and equipment11,040 11,251 
Construction in progress— 72 
48,036 48,304 
Accumulated depreciation and amortization(21,206)(18,818)
$26,830 $29,486 
Construction-in-progress consists of deposits made related to the construction of branch improvements and the purchase of furnishings and equipment.
Depreciation and amortization of premises and equipment was $3.0 million and $3.1 million for the years ended December 31, 2025 and 2024, respectively.