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Premises and Equipment (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Premises and Equipment

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

(Dollars in thousands)						September 30, 2023						December 31, 2022
Land						$	3,465					$	3,465
Buildings and improvements						13,393						13,393
Furniture, fixtures and equipment						18,147						17,549
Software						6,740						6,019
Construction in progress						124						508
Leasehold improvements						2,836						2,836
						44,705						43,770
Accumulated depreciation						(23,237)						(20,140)
Premises and equipment, net						$	21,468					$	23,630

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)						2023						2022						2023						2022
Amortization of right-of-use assets, finance leases						$	1					$	13					$	9					$	42
Operating lease cost						435						445						1,331						1,335
Short-term lease cost						—						8						8						22
Variable lease cost						6						10						26						29
Sublease income						(114)						—						(288)						—
Total lease cost						$	328					$	476					$	1,086					$	1,428

Operating Lease Liability

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

(Dollars in thousands)						Operating Leases
2024						$	403
2025						1,621
2026						1,618
2027						1,594
2028						1,625
2029 and thereafter						10,111
Total future minimum lease payments						$	16,972
Less: Amounts representing interest						(2,816)
Present value of net future minimum lease payments						$	14,156

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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