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Leases (Tables) | 9 Months Ended
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Sep. 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 nine months ended |
(Dollars in thousands) |  | September 30, 2023 |  |  | September 30, 2022 |  |  | September 30, 2023 |  |  | September 30, 2022 |
Operating lease cost |  | $ | 672 |  |  | $ | 644 |  |  | $ | 1,913 |  |  | $ | 1,854 |
Total lease cost |  |  | 672 |  |  |  | 644 |  |  |  | 1,913 |  |  |  | 1,854 |
Cash paid for amounts included in the measurement of lease liabilities |  |  | 628 |  |  |  | 274 |  |  |  | 1,773 |  |  |  | 1,351 |
Summary of Company's Leases |
(Dollars in thousands) |  | September 30, 2023 |  |  | December 31, 2022 |
Right-of-use assets |  | $ | 9,100 |  |  | $ | 6,903 |
Lease liabilities |  | $ | 10,015 |  |  | $ | 7,860 |
Weighted average remaining lease term (years) |  |  | 7.25 |  |  |  | 5.85 |
Weighted average discount rate |  |  | 3.24 | % |  |  | 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) |  | September 30, 2023 |
Three months ending December 31, 2023 |  | $ | 513 |
Twelve months ending December 31, 2024 |  |  | 1,915 |
Twelve months ending December 31, 2025 |  |  | 1,598 |
Twelve months ending December 31, 2026 |  |  | 1,503 |
Twelve months ending December 31, 2027 |  |  | 1,366 |
Thereafter |  |  | 4,468 |
Total undiscounted cash flows |  |  | 11,363 |
Discount |  |  | (1,348 | )
Lease liabilities |  | $ | 10,015 |

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- 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 + Details
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- 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 + Details
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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. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 840 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481440/840-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 840 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Subparagraph (Note 3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481418/840-10-55-40 Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 840 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481501/840-20-50-1 Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482425/460-10-50-4 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 840 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481501/840-20-50-2 + Details
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