XML 20 R14.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Leases | 6 Months Ended
--- | ---
Jun. 30, 2024
Leases [Abstract] |
Leases | Note 5 – Leases The Company’s long-term lease agreements are classified as operating leases. Certain of these leases offer the option to extend the lease term and such extensions are included in the calculation of the lease liabilities to the extent the options are reasonably assured of being exercised. The lease agreements do not provide for residual value guarantees and have no restrictions or covenants that would impact dividends or require incurring additional financial obligations. The following tables present information about the Company’s leases as of the dates and for the periods stated.
(Dollars in thousands) |  | June 30, 2024 |  |  | December 31, 2023 |
Lease liabilities |  | $ | 8,947 |  |  | $ | 9,619 |
Right-of-use asset |  | $ | 8,208 |  |  | $ | 8,738 |
Weighted average remaining lease term (years) |  |  | 7.10 |  |  |  | 7.14 |
Weighted average discount rate |  |  | 3.41 | % |  |  | 3.25 | %
|  | For the three months ended June 30, |  |  | For the six months ended June 30, |
(Dollars in thousands) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Operating lease cost |  | $ | 426 |  |  | $ | 526 |  |  | $ | 913 |  |  | $ | 1,241 |
Cash paid for amounts included in the measurement of lease liabilities |  |  | 411 |  |  |  | 546 |  |  |  | 867 |  |  |  | 1,145 |
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, 2024 |
Six months ending December 31, 2024 |  | $ | 875 |
Twelve months ending December 31, 2025 |  |  | 1,703 |
Twelve months ending December 31, 2026 |  |  | 1,497 |
Twelve months ending December 31, 2027 |  |  | 1,312 |
Twelve months ending December 31, 2028 |  |  | 1,122 |
Thereafter |  |  | 3,673 |
Total undiscounted cash flows |  |  | 10,182 |
Discount |  |  | (1,235 | )
Lease liabilities |  | $ | 8,947 |

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 The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration