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Premises and Equipment (Tables)

12 Months Ended

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

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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- 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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- 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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