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Leases (Tables)
9 Months Ended
Sep. 30, 2024
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, 2024:
OperatingFinance
(dollars in thousands; unaudited)September 30,
2024
September 30,
2024
 October 1 to December 31, 2024
$257 $
2025977 36 
2026977 27 
2027913 — 
2028692 — 
2029 and thereafter
2,763 — 
Total lease payments6,579 72 
Less: amounts representing interest1,038 
Present value of lease liabilities$5,541 $68 
Summary of Components of Total Lease Expense and Operating Cash Flows
The following table presents the components of total lease expense, including finance lease costs and operating cash flows for the three and nine months ended September 30, 2024 and 2023:
Three Months EndedNine Months Ended
September 30,
2024
September 30,
2023
September 30,
2024
September 30,
2023
(dollars in thousands; unaudited)
Lease expense:
Operating lease expense (1)
$255 $251 $766 $819 
Variable lease expense85 69 276 173 
Finance lease cost
Right-of-use amortization (2)
— 34 — 
Interest expense (3)
— — 
Total lease expense$349 $320 $1,080 $992 
Cash paid:    
Cash paid from operating leases$344 $320 $1,052 $1,013 
Cash paid from finance leases$$— $39 $— 
(1)Included in net occupancy expense and in the Condensed Consolidated Statements of Income (unaudited).
(2)Included in other expense in the Condensed Consolidated Statements of Income (unaudited).
(3)Included in interest on borrowed funds Condensed Consolidated Statements of Income (unaudited).