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Leases (Tables)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Summary of Lease Liabilities are Included within Other Liabilities

The following tables present information about the Company’s leases as of the dates and for the periods stated.

		For the three months ended								For the six months ended
(Dollars in thousands)		June 30, 2023				June 30, 2022				June 30, 2023				June 30, 2022
Operating lease cost		$	526			$	654			$	1,241			$	1,210
Total lease cost			526				654				1,241				1,210
Cash paid for amounts included in the measurement of lease liabilities			546				341				1,145				1,077

Summary of Company's Leases

(Dollars in thousands)		June 30, 2023				December 31, 2022
Right-of-use assets		$	5,744			$	6,903
Lease liabilities		$	6,765			$	7,860
Weighted average remaining lease term (years)			5.76				5.85
Weighted average discount rate			2.41	%			2.40	%

Summary of Operating Lease Liabilities

The following table presents a maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities as of the date stated.

(Dollars in thousands)		June 30, 2023
Six months ending December 31, 2023		$	889
Twelve months ending December 31, 2024			1,445
Twelve months ending December 31, 2025			1,116
Twelve months ending December 31, 2026			1,049
Twelve months ending December 31, 2027			963
Thereafter			1,771
Total undiscounted cash flows			7,233
Discount			(468	)
Lease liabilities		$	6,765

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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
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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

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-SubTopic 20
-Section 50
-Paragraph 6
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- Definition

Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

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