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Premises and Equipment (Tables)

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Schedule of Premises and Equipment

The following table presents the components of premises and equipment as of the periods shown:

(Dollars in thousands)						September 30, 2022						December 31, 2021
Land						$	3,465					$	3,465
Buildings and improvements						13,393						13,393
Furniture, fixtures and equipment						17,968						16,841
Software						5,805						4,176
Construction in progress						437						531
Leasehold improvements						2,963						2,895
						44,031						41,301
Accumulated depreciation						(19,363)						(16,249)
Premises and equipment, net						$	24,668					$	25,052

Summary of Lease Cost

The following table presents lease costs for the periods shown:

						Three Months Ended September 30,												Nine Months Ended September 30,
(Dollars in thousands)						2022						2021						2022						2021
Operating lease cost						$	445					$	504					$	1,335					$	1,458
Short-term lease cost						8						2						22						4
Variable lease cost						10						9						29						29
Amortization of right-of-use assets, finance leases						13						16						42						44
Interest on lease liabilities, finance leases						—						—						—						2
Total lease cost						$	476					$	531					$	1,428					$	1,537

Summary of Operating Lease Liability

For operating leases with initial or remaining terms of one year or more as of September 30, 2022, the following table presents future minimum payments for the twelve month periods ended September 30:

(Dollars in thousands)						Operating Leases
2023						$	1,682
2024						1,578
2025						1,572
2026						1,587
2027						1,608
2028 and thereafter						10,521
Total future minimum lease payments						$	18,548
Less: Amounts representing interest						(3,229)
Present value of net future minimum lease payments						$	15,319

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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980

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- References

No definition available.

+ Details

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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