Annual report [Section 13 and 15(d), not S-K Item 405]

Note 5 - Premises and Equipment

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Note 5 - Premises and Equipment
12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 5.

PREMISES AND EQUIPMENT

 

Premises and equipment are summarized as follows:

 

   

December 31,

 
   

2024

   

2023

 
   

(In Thousands)

 

Land

  $ 7,497     $ 5,809  

Building

    34,037       37,578  

Furniture and equipment

    40,771       34,976  

Leasehold improvements

    14,669       16,512  

Construction in progress

    1,798       1,300  

Total premises and equipment, cost

    98,772       96,175  

Accumulated depreciation

    (39,587 )     (36,851 )

Total premises and equipment, net

  $ 59,185     $ 59,324  

 

The provisions for depreciation charged to occupancy and equipment expense for the years ended December 31, 2024, 2023 and 2022 were $4.8 million, $4.4 million and $4.1 million, respectively.