XML 36 R22.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Note 14 - Leases | 12 Months Ended
--- | ---
Dec. 31, 2023
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] | NOTE 14 - LEASES The Company leases several of its operating facilities under various non-cancellable operating leases expiring at various dates through 2037. The Company is also responsible for common area maintenance, taxes, and insurance at the various branch locations. Future minimum rent payments on the Company’s leases were as follows at December 31, 2023:
(dollars in thousands) |  |  |  |
For the year ended December 31,: |  |  |  |
2024 |  | $ | 4,728 |
2025 |  |  | 5,109 |
2026 |  |  | 5,121 |
2027 |  |  | 4,998 |
2028 |  |  | 4,052 |
Thereafter |  |  | 10,699 |
Total |  | $ | 34,707 |
Less amount of payment representing interest |  |  | (3,516 | )
Total present value of lease payments |  | $ | 31,191 |
The minimum rent payments shown above are given for the existing lease obligation and are not a forecast of future rental expense. Total rental expense, recognized on a straight-line basis, was $5.7 million, $5.4 million, and $5.3 million for the years ended December 31, 2023, 2022, and 2021, respectively. The Company received rental income of $570,000, $548,000, and $479,000 for the years ended December 31, 2023, 2022, and 2021, respectively. The following table presents the operating lease related assets and liabilities recorded on the consolidated balance sheets, and the weighted-average remaining lease terms and discount rates as of December 31, 2023 and December 31, 2022:
|  | December 31, |  |  | December 31, |
(dollars in thousands) |  | 2023 |  |  | 2022 |
Operating Leases |  |  |  |  |  |  |  |
ROU assets |  | $ | 29,803 |  |  | $ | 25,447 |
Lease liabilities |  |  | 31,191 |  |  |  | 26,523 |
Weighted-average remaining lease term (in years) |  |  | 7.63 |  |  |  | 7.91 |
Weighted-average discount rate |  |  | 1.72 | % |  |  | 2.19 | %

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
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