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Premises and Equipment (Tables) | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
Schedule of Premises and Equipment | The following table presents the components of premises and equipment at December 31,:
(Dollars in thousands) |  | 2023 |  | 2022
Land |  | $ | 3,465 |  |  | $ | 3,465 |
Buildings and improvements |  | 13,393 |  |  | 13,393 |
Furniture, fixtures and equipment |  | 18,300 |  |  | 17,549 |
Software |  | 7,140 |  |  | 6,019 |
Construction in progress |  | 45 |  |  | 508 |
Leasehold improvements |  | 2,836 |  |  | 2,836 |
|  | 45,179 |  |  | 43,770 |
Accumulated depreciation |  | (24,251) |  |  | (20,140) |
Premises and equipment, net |  | $ | 20,928 |  |  | $ | 23,630 |
Schedule of Lease Cost | The following shows lease costs for the years ended:
(Dollars in thousands) |  | December 31, 2023 |  | December 31, 2022
Amortization of right-of-use assets, finance leases |  | $ | 10 |  |  | $ | 57 |
Operating lease cost |  | 1,795 |  |  | 1,781 |
Short-term lease cost |  | 8 |  |  | 32 |
Variable lease cost |  | 38 |  |  | 38 |
Total lease cost |  | $ | 1,851 |  |  | $ | 1,908 |
Schedule of Operating Lease Liability | For operating leases with initial or remaining terms of one year or more as of December 31, 2023, the following table presents future minimum payments for the twelve month periods ended December 31:
(Dollars in thousands) |  |  |  | Operating Leases
2024 |  |  |  | $ | 1,793 |
2025 |  |  |  | 1,738 |
2026 |  |  |  | 1,611 |
2027 |  |  |  | 1,641 |
2028 |  |  |  | 1,629 |
2029 and thereafter |  |  |  | 8,320 |
Total future minimum lease payments |  |  |  | $ | 16,732 |
Less: Amounts representing interest |  |  |  | (2,698) |
Present value of net future minimum lease payments |  |  |  | $ | 14,034 |

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- 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 + Details
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- 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 + Details
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- 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 + Details
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