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Leases (Tables)
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Summary of Minimum Annual Lease Payments under Lease Terms
The following table presents the minimum annual lease payments under the terms of these leases, inclusive of renewal options that the Company is reasonably certain to renew, at September 30, 2022:
(dollars in thousands; unaudited)September 30,
2022
 October 1 to December 31, 2022
$326 
20231,272 
2024864 
2025713 
2026719 
2027 and thereafter
2,490 
Total lease payments6,384 
Less: amounts representing interest870 
Present value of lease liabilities$5,514 
Summary of Components of Total Lease Expense and Operating Cash Flows
The following table presents the components of total lease expense and operating cash flows for the three and nine months ended September 30, 2022 and 2021:
Three Months EndedNine Months Ended
September 30,
2022
September 30,
2021
September 30,
2022
September 30,
2021
(dollars in thousands; unaudited)
Lease expense:
Operating lease expense$320 $321 $961 $962 
Variable lease expense52 37 137 108 
Total lease expense (1)$372 $358 $1,098 $1,070 
Cash paid:    
Cash paid reducing operating lease liabilities$371 $356 $1,090 $1,061 
(1)Included in net occupancy expense in the Condensed Consolidated Statements of Income (unaudited).