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Leases | 6 Months Ended
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Jun. 30, 2023
Leases [Abstract] |
Leases | (15) Leases The Company recognized right-of-use assets (“ROU”) totaling $3.9 million at June 30, 2023 and December 31, 2022, and operating lease liabilities totaling $4.2 million and $4.3 million at June 30, 2023 and December 31, 2022, respectively. The lease liabilities recognized by the Company represent two leased branch locations and one loan production office. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Variable lease components, such as fair market value adjustments, are expensed as incurred and are not included in ROU assets and operating lease liabilities. Leases with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expense for the leases on a straight-line basis over the lease term. For the six months ended June 30, 2023 and 2022, rent expense for the operating leases totaled $157,000. The following table presents information regarding the Company’s operating leases:
| June 30, |  | December 31,
| 2023 |  | 2022
Weighted-average discount rate |  | 3.61% |  |  | 3.59%
Range of lease expiration dates |  | 1 - 12 years |  |  | 1 - 13 years
Range of lease renewal options |  | 0 - 20 years |  |  | 5 - 20 years
Weighted-average remaining lease term |  | 26.1 years |  |  | 26.4 years
The following table presents the undiscounted annual lease payments under the terms of the Company’s operating leases at June 30, 2023 and December 31, 2022, including a reconciliation to the present value of operating lease liabilities recognized in the Consolidated Balance Sheets:
| June 30, |  | December 31,
Fiscal Year-End | 2023 |  | 2022
(In thousands) |  |  |  |  |
2023 | $ | 132 |  | $ | 264
2024 |  | 270 |  |  | 270
2025 |  | 280 |  |  | 280
2026 |  | 291 |  |  | 291
2027 |  | 294 |  |  | 293
Thereafter |  | 5,740 |  |  | 5,740
Total lease payments |  | 7,007 |  |  | 7,138
Less imputed interest |  | (2,780) |  |  | (2,856)
Total lease liabilities | $ | 4,227 |  | $ | 4,282
The lease liabilities recognized include certain lease extensions as it is expected that the Company will use substantially all lease renewal options.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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