XML 59 R42.htm IDEA: XBRL DOCUMENT v3.24.0.1
LEASES (Tables)
12 Months Ended
Dec. 31, 2023
LEASES  
ROU Assets and Liabilities

(in thousands)

    

Classification

    

December 31, 2023

    

December 31, 2022

Lease Right-of-Use Assets

 

  

  

Operating lease right-of-use assets

 

Other assets

$

6,874

$

8,078

Lease Liabilities

 

  

 

  

 

  

Operating lease liabilities

 

Other liabilities

 

7,322

 

8,501

Weighted average lease term and discount rate

    

December 31, 2023

    

December 31, 2022

Weighted-average remaining lease term (in years)

  

  

Operating leases

6.28

7.17

Weighted-average discount rate

  

  

Operating leases

3.10

%

3.09

%

Additional Information Regarding Leases

Year Ended

(in thousands)

December 31, 2023

    

December 31, 2022

December 31, 2021

Lease Costs

  

 

  

  

Operating lease cost

$

1,343

$

1,344

$

1,295

Variable lease cost

 

485

 

402

 

229

Total lease cost

$

1,828

$

1,746

$

1,524

Future Minimum Payments for Leases

(in thousands)

    

Payments

Twelve Months Ended:

 

  

December 31, 2024

$

1,316

December 31, 2025

 

1,092

December 31, 2026

 

987

December 31, 2027

 

864

December 31, 2028

 

726

Thereafter

 

2,484

Total future minimum lease payments

 

7,469

Amounts representing interest

 

(147)

Present value of net future minimum lease payments

$

7,322