XML 56 R43.htm IDEA: XBRL DOCUMENT v3.24.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Summary of Company's Leases

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

 

 

 

December 31,

 

(Dollars in thousands)

 

2023

 

 

2022

 

Lease liabilities

 

$

9,619

 

 

$

7,860

 

Right-of-use asset

 

$

8,738

 

 

$

6,903

 

Weighted average remaining lease term (years)

 

 

7.14

 

 

 

5.85

 

Weighted average discount rate

 

 

3.25

%

 

 

2.40

%

Summary of Lease Liabilities are Included within Other Liabilities

 

 

 

December 31,

 

(Dollars in thousands)

 

2023

 

 

2022

 

 

2021

 

Operating lease cost

 

$

2,403

 

 

$

2,495

 

 

$

2,383

 

Total lease cost

 

 

2,403

 

 

 

2,495

 

 

 

2,383

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

2,217

 

 

 

2,080

 

 

 

2,014

 

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 for periods following the date stated.

 

(Dollars in thousands)

 

December 31, 2023

 

2024

 

$

1,934

 

2025

 

 

1,612

 

2026

 

 

1,512

 

2027

 

 

1,365

 

2028

 

 

1,164

 

Thereafter

 

 

3,305

 

Total undiscounted cash flows

 

 

10,892

 

Discount

 

 

(1,273

)

Lease liabilities

 

$

9,619