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OPERATING LEASES (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases, Operating [Abstract] |
Schedule of Lease Cost | Total lease cost, cash flow information, weighted-average remaining lease term and weighted-average discount rate is summarized below for the periods presented:
| Year Ended December 31, |  |
(Dollars in thousands) | 2023 |  | 2022 |  |
Lease cost: |  |  |  |  |
Operating lease cost | $ | 5,108 |  |  | $ | 5,495 |  |  |
Variable lease cost | 3,751 |  |  | 3,278 |  |  |
Less: sublease income | (34) |  |  | (48) |  |  |
Total lease cost | $ | 8,825 |  |  | 8,725 |  |  |
Other information: |  |  |  |  |
Operating cash flows from operating leases | $ | (5,095) |  |  | $ | (5,896) |  |  |
Weighted-average remaining lease term - operating leases | 10.64 years |  | 11.22 years |  |
Weighted-average discount rate - operating leases | 3.96 | % |  | 3.95 | % |  |
Lessee, Operating Lease, Liability, Maturity | The following is a schedule of annual undiscounted cash flows for our operating leases and a reconciliation of those cash flows to the operating lease liabilities for the next five succeeding fiscal years and all years thereafter:
(Dollars in thousands) |  |  |  |  |
Year Ending December 31, | Undiscounted Cash Flows |  | Lease Liability Expense |  | Lease Liability Reduction
2024 | $ | 4,284 |  |  | $ | 1,144 |  |  | $ | 3,140 |
2025 | 3,998 |  |  | 1,023 |  |  | 2,975 |
2026 | 3,935 |  |  | 908 |  |  | 3,027 |
2027 | 3,926 |  |  | 789 |  |  | 3,137 |
2028 | 3,326 |  |  | 677 |  |  | 2,649 |
Thereafter | 18,465 |  |  | 2,759 |  |  | 15,706 |
Total | $ | 37,934 |  |  | $ | 7,300 |  |  | $ | 30,634 |
Operating Lease, Lease Income | The following represents lease income related to these leases that was recognized for the periods presented:
| Year Ended December 31, |  |
(Dollars in thousands) | 2023 |  | 2022 |  |
Total rental income recognized | $ | 2,132 |  |  | 2,228 |  |  |
Schedule of future minimum rental income for noncancellable operating leases that had initial lease terms in excess of one year | Based on the Company's leases as lessor as of December 31, 2023, estimated lease payments for the next five succeeding fiscal years and all years thereafter are as follows:
(Dollars in thousands) |
Year Ending December 31, |
2024 | $ | 1,257 |
2025 | 1,143 |
2026 | 998 |
2027 | 943 |
2028 | 591 |
Thereafter | 1,846 |
Total | $ | 6,778 |

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- Definition Tabular disclosure of future minimum rental income, receivable in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancellable lease terms in excess of one year. + References No definition available. + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479773/842-30-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482964/270-10-50-6A + Details
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