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Leases (Tables)
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Assets And Liabilities, Lessee

The following tables present information about the Company’s leases:

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2022

 

 

December 31, 2021

 

Lease liabilities

 

 

 

 

 

 

 

$

5,057

 

 

$

5,289

 

Right-of-use assets

 

 

 

 

 

 

 

$

4,860

 

 

$

5,139

 

Weighted average remaining lease term

 

 

 

 

 

 

 

14 years

 

 

15 years

 

Weighted average discount rate

 

 

 

 

 

 

 

 

3.02

%

 

 

2.99

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

Lease Cost

 

September 30, 2022

 

 

September 30, 2021

 

 

September 30, 2022

 

 

September 30, 2021

 

Operating lease cost

 

$

132

 

 

$

106

 

 

$

396

 

 

$

257

 

Short-term lease cost

 

 

3

 

 

 

7

 

 

 

11

 

 

 

15

 

Total lease cost

 

$

135

 

 

$

113

 

 

$

407

 

 

$

272

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

116

 

 

$

83

 

 

$

348

 

 

$

209

 

Lessee, Operating Lease, Liability, Maturity

A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liabilities is as follows:

 

 

 

As of

 

Lease payments due

 

September 30, 2022

 

Twelve months ending September 30, 2023

 

$

471

 

Twelve months ending September 30, 2024

 

 

478

 

Twelve months ending September 30, 2025

 

 

497

 

Twelve months ending September 30, 2026

 

 

428

 

Twelve months ending September 30, 2027

 

 

390

 

Thereafter

 

 

4,247

 

Total undiscounted cash flows

 

$

6,511

 

Discount

 

 

(1,454

)

Lease liabilities

 

$

5,057