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Leases

12 Months Ended

Dec. 31, 2023

Leases.

Leases

Note 10: Leases

The Company has operating leases for various locations with terms ranging from one to eleven years. Some operating leases include options to extend. The extensions were included in the right-of-use asset if the likelihood of extension was fairly certain. The Company elected not to separate non-lease components from lease components for its operating leases.

The Company has operating lease right-of-use assets of $10.1 million and $11.0 million as of December 31, 2023 and 2022, respectively, and operating lease right-of-use liabilities of $11.3 million and $12.0 million as of December 31, 2023 and 2022, respectively.

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Balance sheet, income statement and cash flow detail regarding operating leases follows:

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​	​	​	​	​	​	​
​	​	​	​	​	​	​
​	​	​	December 31, 2023	​	​	December 31, 2022
Balance Sheet	​	​	(In thousands)
Operating lease right-of-of use asset (in other assets)	​	$	10,060	​	$	10,969
Operating lease liability (in other liabilities)	​	​	11,251	​	​	11,992
​	​	​	​	​	​	​
Weighted average remaining lease term (years)	​	​	6.0	​	​	6.5
Weighted average discount rate	​	​	2.89%	​	​	2.65%
​	​	​	​	​	​	​
Maturities of lease liabilities:	​	​	​	​	​	​
One year or less	​	​	2,441	​	​	2,181
Year two	​	​	2,064	​	​	2,321
Year three	​	​	2,100	​	​	1,881
Year four	​	​	2,046	​	​	1,911
Year five	​	​	1,438	​	​	1,853
Thereafter	​	​	2,128	​	​	2,902
Total future minimum lease payments	​	​	12,217	​	​	13,049
Less: imputed interest	​	​	966	​	​	1,057
Total	​	$	11,251	​	$	11,992
​	​	​	​	​	​	​
​	​	​	Year Ended	​	​	Year Ended
​		​	December 31, 2023	​	​	December 31, 2022
Income Statement	​	​	(In thousands)	​	​	(In thousands)
Components of lease expense:	​	​	​	​	​	​
Operating lease cost (in occupancy and equipment expense)	​	$	2,438	​	$	2,033
​	​	​	​	​	​	​
​	​	​	Year Ended	​	​	Year Ended
​	​	​	December 31, 2023	​	​	December 31, 2022
Cash Flow Statement	​	​	(In thousands)	​	​	(In thousands)
Supplemental cash flow information:	​	​	​	​	​	​
Operating cash flows from operating leases	​	$	2,129	​	$	1,461

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- References

No definition available.

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- Definition

The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//842-20/tableOfContent

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