XML 42 R32.htm IDEA: XBRL DOCUMENT v3.23.3

Leases (Tables)

9 Months Ended

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

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

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

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

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

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

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_OperatingLeasesOfLesseeDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration