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Premises and Equipment (Tables) | 3 Months Ended
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Mar. 31, 2024
Leases [Abstract] |
Premises and Equipment | The following table presents the components of premises and equipment as of the periods shown:
(Dollars in thousands) |  | March 31, 2024 |  | December 31, 2023
Land |  | $ | 4,062 |  |  | $ | 3,465 |
Buildings and improvements |  | 13,393 |  |  | 13,393 |
Furniture, fixtures and equipment |  | 15,762 |  |  | 18,300 |
Software |  | 6,592 |  |  | 7,140 |
Construction in progress |  | 3 |  |  | 45 |
Leasehold improvements |  | 2,836 |  |  | 2,836 |
|  | 42,648 |  |  | 45,179 |
Accumulated depreciation |  | (22,680) |  |  | (24,251) |
Premises and equipment, net |  | $ | 19,968 |  |  | $ | 20,928 |
Lease Cost | The following table presents lease costs for the periods shown:
|  | Three Months Ended March 31, |  |
(Dollars in thousands) |  | 2024 |  | 2023 |  |  |  |
Amortization of right-of-use assets, finance leases |  | $ | 1 |  |  | $ | 6 |  |  |  |  |
Operating lease cost |  | 450 |  |  | 450 |  |  |  |  |
Short-term lease cost |  | — |  |  | 5 |  |  |  |  |
Variable lease cost |  | — |  |  | 10 |  |  |  |  |
Sublease income |  | (97) |  |  | (87) |  |  |  |  |
Total lease cost |  | $ | 354 |  |  | $ | 384 |  |  |  |  |
Operating Lease Liability | For operating leases with initial or remaining terms of one year or more as of March 31, 2024, the following table presents future minimum payments for the twelve month periods ended March 31:
(Dollars in thousands) |  | Operating Leases |  |
2025 |  | $ | 1,326 |  |  |
2026 |  | 1,738 |  |  |
2027 |  | 1,611 |  |  |
2028 |  | 1,641 |  |  |
2029 |  | 1,629 |  |  |
2030 and thereafter |  | 8,320 |  |  |
Total future minimum lease payments |  | $ | 16,265 |  |  |
Less: Amounts representing interest |  | (2,593) |  |  |
Present value of net future minimum lease payments |  | $ | 13,672 |  |  |

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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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