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OPERATING LEASES (Tables)

3 Months Ended

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

X

- 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

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X

- References

No definition available.

+ Details

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X

- 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

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X

- 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

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X

- 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

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