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Premises and Equipment (Tables)

6 Months Ended

Jun. 30, 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)						June 30, 2023						December 31, 2022
Land						$	3,465					$	3,465
Buildings and improvements						13,393						13,393
Furniture, fixtures and equipment						17,666						17,549
Software						6,598						6,019
Construction in progress						521						508
Leasehold improvements						2,836						2,836
						44,479						43,770
Accumulated depreciation						(22,072)						(20,140)
Premises and equipment, net						$	22,407					$	23,630

Summary of Lease Cost

The following table presents lease costs for the periods shown:

						Three Months Ended June 30,												Six Months Ended June 30,
(Dollars in thousands)						2023						2022						2023						2022
Amortization of right-of-use assets, finance leases						$	1					$	14					$	7					$	29
Operating lease cost						446						445						896						890
Short-term lease cost						2						8						8						14
Variable lease cost						10						10						19						19
Sublease income						(87)						—						(174)						—
Total lease cost						$	372					$	477					$	756					$	952

Summary of Operating Lease Liability

For operating leases with initial or remaining terms of one year or more as of June 30, 2023, the following table presents future minimum payments for the twelve month periods ended June 30:

(Dollars in thousands)						Operating Leases
2024						$	829
2025						1,621
2026						1,618
2027						1,594
2028						1,625
2029 and thereafter						10,111
Total future minimum lease payments						$	17,398
Less: Amounts representing interest						(2,921)
Present value of net future minimum lease payments						$	14,477

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

- 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
-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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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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