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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Components of Total Lease Expense
For the Year Ended December 31,
202320222021
(In Thousands)
Operating lease cost
$1,411 $1,544 $1,513 
Short-term lease cost
200 148 158 
Variable lease cost
576 604 492 
Less: sublease income
(75)(179)(170)
Total lease cost, net
$2,112 $2,117 $1,993 
Operating Leases Quantitative Information
Quantitative information regarding the Corporation’s operating leases was as follows:
December 31, 2023December 31, 2022December 31, 2021
Weighted-average remaining lease term (in years)
7.708.065.05
Weighted-average discount rate
3.61 %3.40 %2.51 %
Operating Lease Liabilities Maturity Analysis
The following maturity analysis shows the undiscounted cash flows due on the Corporation’s operating lease liabilities:
(In Thousands)
2024$1,514 
20251,408 
20261,400 
20271,427 
20281,113 
Thereafter3,600 
Total undiscounted cash flows10,462 
Discount on cash flows(1,508)
Total lease liability$8,954