​ ​ ​

  ​ ​ ​

Estimated Useful

(in thousands, except years)

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

Life

Land

$

5,989

$

4,807

 

N/A

Buildings and improvements

 

65,597

 

59,860

 

5-39 years

Furniture and equipment

 

22,852

 

19,590

 

3-8 years

Premises and equipment, gross

 

94,438

 

84,257

 

  ​

Accumulated depreciation

 

(36,250)

 

(33,020)

 

  ​

Premises and equipment, net

$

58,188

$

51,237

 

  ​

Historical Timeline

Fiscal YearFiled
2025Mar 13, 2026Showing above
2024Mar 11, 2025
2023Mar 11, 2024
2022Mar 14, 2023
2021Mar 14, 2022
2020Mar 10, 2021
2019Mar 10, 2020
2018Mar 12, 2019
2017Mar 13, 2018
2016Mar 14, 2017
2015Mar 14, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.