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Operating Leases | 12 Months Ended
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Dec. 31, 2024
Operating Leases [Abstract] |
Operating Leases |
Note 19: | Operating Leases
Lessee On January 1, 2022, the Company adopted ASU No. 2016-02, Leases (Topic 842), which requires the recognition of the Company’s operating leases on its balance sheet. See Note (1) for additional information. The Company has operating leases, which primarily consist of office space in buildings, ATM locations, equipment and land on which it owns certain buildings. Rental expense on all operating leases, including those rented on a monthly or temporary basis were as follows (Dollars in thousands):
Year Ending December 31: |  |  |
2024 |  | $ | 1,068 |
2023 |  |  | 1,001 |
2022 |  |  | 777 |
As of December 31, 2024, a right of use lease asset included in interest receivable and other assets on the balance sheet totaled $1.7 million, and a related lease liability included in accrued interest payable and other liabilities on the balance sheet totaled $1.9 million. As of December 31, 2024, our operating leases have a weighted-average remaining lease term of 15.8 years and a weighted-average discount rate of 3.7 percent. Future minimum rental commitments of branch facilities and office equipment due under non-cancelable operating leases at December 31, 2024, were as follows (dollars in thousands):
2025 |  | $ | 646 |
2026 |  |  | 305 |
2027 |  |  | 211 |
2028 |  |  | 118 |
2029 |  |  | 118 |
Thereafter |  |  | 774 |
Total lease payments |  |  | 2,172 |
Less imputed interest |  |  | (298 | )
Operating lease liability |  | $ | 1,874 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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