v3.26.3
Premises and Equipment
 9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
Premises and Equipment
4.
Premises and Equipment

Premises and equipment in the accompanying consolidated balance sheets consisted of the following:

(Dollars in thousands)

 

Estimated Useful Life

 

September 30, 2026

 

 

December 31, 2025

 

Building and building improvements

 

30 - 40 years
 and 5 - 40 years

 

$

26,280

 

 

$

14,353

 

Land

 

 

 

 

7,096

 

 

 

3,894

 

Equipment

 

3 - 5 years

 

 

8,533

 

 

 

7,571

 

Leasehold improvements

 

3 - 12 years

 

 

14,730

 

 

 

14,513

 

Furniture and fixtures

 

5 - 10 years

 

 

7,163

 

 

 

5,979

 

Automobiles

 

5 years

 

 

58

 

 

 

58

 

Construction in process

 

 

 

 

1,359

 

 

 

172

 

 

 

 

 

65,219

 

 

 

46,540

 

Accumulated depreciation

 

 

 

 

(24,574

)

 

 

(21,751

)

 

 

 

$

40,645

 

 

$

24,789

 

 

Depreciation expense was approximately $3.7 million and $3.1 million for the nine months ended September 30, 2026 and 2025, respectively, and approximately $1.3 million and $1.0 million for the three months ended September 30, 2026 and 2025, respectively. Depreciation expense is included in occupancy and equipment expense in the accompanying consolidated statements of income.