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Leases (Tables)
12 Months Ended
Dec. 31, 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.

 

 

 

December 31,

 

(Dollars in thousands)

 

2024

 

 

2023

 

Lease liabilities

 

$

8,613

 

 

$

9,619

 

Right-of-use asset

 

$

7,962

 

 

$

8,738

 

Weighted average remaining lease term (years)

 

 

6.98

 

 

 

7.14

 

Weighted average discount rate

 

 

3.46

%

 

 

3.25

%

 

 

 

 

December 31,

 

(Dollars in thousands)

 

2024

 

 

2023

 

Operating lease cost

 

$

1,759

 

 

$

2,403

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

1,691

 

 

 

2,217

 

 

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, 2024

 

2025

 

$

1,666

 

2026

 

 

1,482

 

2027

 

 

1,384

 

2028

 

 

1,176

 

2029

 

 

969

 

Thereafter

 

 

3,148

 

Total undiscounted cash flows

 

 

9,825

 

Discount

 

 

(1,212

)

Lease liabilities

 

$

8,613