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Leases (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Information about leases

The following tables present information about the Company’s leases.

(Dollars in thousands)						June 30, 2024						December 31, 2023
Lease liabilities						$	12,189					$	12,857
Right-of-use assets						$	11,762					$	12,487
Weighted average remaining lease term						10.61 years						10.88 years
Weighted average discount rate						3.26		%				3.24		%
Remaining lease term - min						0.08 years						0.39 years
Remaining lease term - max						17.18 years						17.68 years

						Three Months Ended June 30,												Six Months Ended June 30,
Lease cost (in thousands)						2024						2023						2024						2023
Operating lease cost						$	494					$	327					$	986					$	667
Total lease cost						$	494					$	327					$	986					$	667
Cash paid for amounts included in the measurement of lease liabilities						$	466					$	310					$	928					$	631

Operating lease liabilities

A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities is as follows:

Lease payments due (in thousands)						As of June 30, 2024
Six months ending December 31, 2024						$	899
2025						1,680
2026						1,639
2027						1,511
2028						1,460
Thereafter						7,281
Total undiscounted cash flows						$	14,470
Discount						2,281
Lease liabilities						$	12,189

Minimum future annual rental income

The following table presents our minimum future annual rental income on such leases as of June 30, 2024.

(In thousands)						As of June 30, 2024
Six months ending December 31, 2024						$	446
2025						908
2026						932
2027						619
2028						637
Thereafter						2,477
Total						$	6,019

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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- 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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