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Premises and Equipment (Tables)

3 Months Ended

Mar. 31, 2023

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)						March 31, 2023						December 31, 2022
Land						$	3,465					$	3,465
Buildings and improvements						13,393						13,393
Furniture, fixtures and equipment						17,662						17,549
Software						6,399						6,019
Construction in progress						519						508
Leasehold improvements						2,836						2,836
						44,274						43,770
Accumulated depreciation						(21,405)						(20,140)
Premises and equipment, net						$	22,869					$	23,630

Summary of Lease Cost

The following table presents lease costs for the periods shown:

												Three Months Ended March 31,
(Dollars in thousands)																		2023						2022
Amortization of right-of-use assets, finance leases																		$	6					$	14
Operating lease cost																		450						508
Short-term lease cost																		5						6
Variable lease cost																		10						10
Sublease income																		(87)						—
Total lease cost																		$	384					$	538

Summary of Operating Lease Liability

For operating leases with initial or remaining terms of one year or more as of March 31, 2023, the following table presents future minimum payments for the twelve month periods ended March 31:

(Dollars in thousands)						Operating Leases
2024						$	1,261
2025						1,621
2026						1,618
2027						1,594
2028						1,625
2029 and thereafter						10,111
Total future minimum lease payments						$	17,830
Less: Amounts representing interest						(3,027)
Present value of net future minimum lease payments						$	14,803

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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