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LEASE COMMITMENTS AND CONTINGENCIES (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Supplemental Lease Information
Supplemental information related to leases as of and for the year ended December 31, 2023 was as follows:
Operating LeasesClassificationDecember 31, 2023
Assets(dollars in thousands)
Operating lease right-of-use assetsOther assets$5,945 
Liabilities
Operating lease liabilities (1)
Other liabilities$7,511 
Lease term and discount rate
Weighted average remaining lease term2.0 years
Weighted average discount rate (1)
3.3%
Cash paid for amounts included in the measurement of lease liabilities
   Operating cash flows from operating leases$4,081 
(1) For the Company’s leases that do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at adoption date in determining the present value of lease payments.
Operating Lease Liability Schedule of Maturity
The following table provides details related to maturities of lease liabilities:
Maturity of Lease Liabilities
Years ended December 31,(dollars in thousands)
2024$4,107 
20253,149 
2026261 
2027269 
Later years22 
Total lease payments$7,808 
Less imputed interest297 
Present value of lease liabilities$7,511