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Leases (Tables)
3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Assets And Liabilities, Lessee

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

 

(dollars in thousands)

 

 

 

 

 

 

 

 

March 31, 2023

 

 

December 31, 2022

 

Lease liabilities

 

$

4,898

 

 

$

4,978

 

Right-of-use assets

 

$

4,672

 

 

$

4,766

 

Weighted average remaining lease term

 

14 years

 

 

14 years

 

Weighted average discount rate

 

 

3.05

%

 

 

3.04

%

 

 

 

 

 

 

 

 

Three Months Ended

 

Lease Cost

 

March 31, 2023

 

 

March 31, 2022

 

Operating lease cost

 

$

132

 

 

$

132

 

Short-term lease cost

 

 

4

 

 

 

4

 

Total lease cost

 

$

136

 

 

$

136

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

117

 

 

$

115

 

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:

 

(dollars in thousands)

 

As of

 

Lease payments due

 

March 31, 2023

 

Twelve months ending March 31, 2024

 

$

475

 

Twelve months ending March 31, 2025

 

 

482

 

Twelve months ending March 31, 2026

 

 

484

 

Twelve months ending March 31, 2027

 

 

393

 

Twelve months ending March 31, 2028

 

 

392

 

Thereafter

 

 

4,050

 

Total undiscounted cash flows

 

$

6,276

 

Discount

 

 

(1,378

)

Lease liabilities

 

$

4,898