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OPERATING LEASES (Tables) | 3 Months Ended
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Mar. 31, 2024
Leases [Abstract] |
Lease, Cost | The following table presents total lease cost, cash flow information, weighted-average remaining lease term and weighted-average discount rate for the periods presented:
| Three Months Ended March 31, |  |
(dollars in thousands) | 2024 |  | 2023 |  |  |  |
Lease cost: |  |  |  |  |  |  |
Operating lease cost | $ | 1,303 |  |  | $ | 1,325 |  |  |  |  |
Variable lease cost | 935 |  |  | 888 |  |  |  |  |
Less: Sublease income | — |  |  | (17) |  |  |  |  |
Total lease cost | $ | 2,238 |  |  | $ | 2,196 |  |  |  |  |
Other information: |  |  |  |  |  |  |
Operating cash flows from operating leases | $ | (1,257) |  |  | $ | (1,390) |  |  |  |  |
Weighted-average remaining lease term - operating leases | 11.15 years |  | 11.22 years |  |  |  |
Weighted-average discount rate - operating leases | 4.08 | % |  | 3.96 | % |  |  |  |
Lessee, Operating Lease, Liability, Maturity | The following table presents a schedule of annual undiscounted cash flows for our operating leases and a reconciliation of those cash flows to the operating lease liabilities as of March 31, 2024, for the remainder of fiscal year 2024, the next five succeeding fiscal years and all years thereafter:
(dollars in thousands) |  | Undiscounted Cash Flows |  | Lease Liability Discount on Cash Flows |  | Lease Liability
Year Ending December 31, |  |  |
2024 (remainder) |  | $ | 3,568 |  |  | $ | 940 |  |  | $ | 2,628 |
2025 |  | 4,195 |  |  | 1,141 |  |  | 3,054 |
2026 |  | 4,135 |  |  | 1,022 |  |  | 3,113 |
2027 |  | 4,128 |  |  | 899 |  |  | 3,229 |
2028 |  | 3,579 |  |  | 784 |  |  | 2,795 |
2029 |  | 3,113 |  |  | 679 |  |  | 2,434 |
Thereafter |  | 18,712 |  |  | 2,796 |  |  | 15,916 |
Total |  | $ | 41,430 |  |  | $ | 8,261 |  |  | $ | 33,169 |
Operating Lease, Lease Income | The following table presents lease income related to these leases that was recognized for the periods presented:
| Three Months Ended March 31, |  |
(dollars in thousands) | 2024 |  | 2023 |  |  |  |
Total rental income recognized | $ | 509 |  |  | $ | 562 |  |  |  |  |
Lessor, Operating Lease, Payments to be Received, Maturity | The following table presents estimated lease payments, based on the Company's leases as lessor as of March 31, 2024, for the remainder of fiscal year 2024, the next five succeeding fiscal years, and all years thereafter:
(dollars in thousands) |
Year Ending December 31, |
2024 (remainder) | $ | 956 |
2025 | 1,157 |
2026 | 1,015 |
2027 | 960 |
2028 | 608 |
2029 | 553 |
Thereafter | 1,293 |
Total | $ | 6,542 |

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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 maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479773/842-30-50-12 + 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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