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PREMISES, EQUIPMENT AND LEASES (Tables)

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Summary of Premises and Equipment

A summary of premises, equipment and leases at September 30, 2024 and December 31, 2023 is as follows:

			September 30,						December 31,
(dollars in thousands)			2024						2023
Land			$	15,968					$	15,968
Buildings and improvements			80,959						78,104
Furniture and equipment			36,284						35,797
Lease right-of-use assets			9,160						7,673
Total			142,371						137,542
Accumulated depreciation			(57,699)						(54,728)
Premises and equipment, net			$	84,672					$	82,814

Summary of Information Related to Operating Leases

Information related to operating leases for the three and nine months ended September 30, 2024 and 2023 was as follows:

			Three Months Ended September 30,												Nine Months Ended September 30,
(dollars in thousands)			2024						2023						2024						2023
Operating lease cost			$	504					$	472					$	1,461					$	1,449
Operating cash flows from leases			600						529						1,748						1,709
Right-of-use assets obtained in exchange for lease obligations			1,168						1,112						2,707						2,459
Weighted average remaining lease term			7.0 years						7.8 years						7.0 years						7.8 years
Weighted average discount rate			3.65		%				3.39		%				3.65		%				3.39		%

Summary of Projected Minimum Rental Payments

The projected minimum rental payments under the terms of the leases as of September 30, 2024 were as follows:

(dollars in thousands)			Amount
Year ending December 31:
2024 remaining			$	472
2025			1,912
2026			1,815
2027			1,673
2028			1,619
Thereafter			4,501
Total future minimum lease payments			11,992
Less imputed interest			(1,469)
Total operating lease liabilities			$	10,523

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

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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

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- References

No definition available.

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X

- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

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