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Leases (Tables) | 6 Months Ended
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Jun. 30, 2024
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.
(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 |
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, 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 |

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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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