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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Minimum Annual Lease Payments under Lease Terms
The following sets forth, as of December 31, 2022, the minimum annual lease payments under the terms of these leases, inclusive of renewal options that the Company is reasonably certain to renew:
(dollars in thousands)December 31,
2022
2023$1,272 
2024864 
2025713 
2026719 
2027667 
2028 and thereafter1,823 
Total lease payments6,058 
Less: amounts representing interest824 
Present value of lease liabilities$5,234 
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 year ended December 31, 2022:
For the Year Ended
(dollars in thousands) December 31,
2022
December 31,
2021
Lease expense:
Operating lease expense$1,281 $1,283 
Variable lease expense193 148 
Total lease expense (1)$1,474 $1,431 
Cash paid:
Cash paid reducing operating lease liabilities$1,473 $1,419 
(1)Included in net occupancy expense in the Consolidated Statements of Income.