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Leases

6 Months Ended

Jun. 30, 2024

LEASES

Lease expenses for offices are included in the consolidated condensed statements of income in net occupancy expense and lease expenses for equipment and ATMs are included in equipment expense. Components of lease expense for the three and six months ended June 30, 2024 were as follows (in thousands):


	Three Months Ended June 30,			Six Months Ended June 30,
	2024		2023	2024		2023
Operating lease expense	$	239	283	$	465	442
Short-term lease expense	16		12	35		46
Variable lease expense	16		3	20		3
Other	11		7	18		10
Total lease expense	$	282	305	$	538	501

Other information related to leases at June 30, 2024 were as follows (dollars in thousands):


Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	529
Right-of-use assets obtained in exchange for new operating lease liabilities	$	62
Weighted average remaining lease term in years for operating leases	32.9
Weighted average discount rate for operating leases	3.63		%