Premises and equipment at March 31, 2026 and March 31, 2025, consist of the following:


	March 31, 2026		March 31, 2025
	(Dollars in thousands)
Land	$	2,654	$	2,367
Buildings and leasehold improvements		17,228		8,888
Construction Work in Progress (1)		—		8,028
Equipment		3,457		3,419
Automobiles		150		140
Computer software		—		1,107
Total cost		23,489		23,949
Less accumulated depreciation		10,734		11,011
Total premises and equipment	$	12,755	$	12,938

(1)

Construction work in progress represents new branch construction in Lincoln and Hastings, NE. At March 31, 2025; the Lincoln full service branch was 89% billed and the Hastings full service branch was 78% billed. Certificates of occupancy were received in late March 2025 for Lincoln and Mid May 2025 for Hastings.

Depreciation expense included in occupancy and equipment on the consolidated statements of income totaled $965,000 and $455,000 for the years ended March 31, 2026 and 2025, respectively.