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

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

 

(dollars in thousands)

 

December 31, 2023

 

 

December 31, 2022

 

Lease liability

 

$

4,653

 

 

$

4,978

 

Right-of-use asset

 

$

4,387

 

 

$

4,766

 

Weighted average remaining lease term

 

14 years

 

 

14 years

 

Weighted average discount term

 

 

3.09

 %

 

 

3.04

 %

 

 

 

Twelve Months Ended

 

Lease Cost

 

December 31, 2023

 

 

December 31, 2022

 

Operating lease cost

 

$

528

 

 

$

528

 

Variable lease cost

 

 

 

 

 

 

Short-term lease cost

 

 

14

 

 

 

15

 

Total lease cost

 

$

542

 

 

$

543

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

473

 

 

$

466

 

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

 

December 31, 2023

 

Twelve months ending December 31, 2024

 

$

480

 

Twelve months ending December 31, 2025

 

 

504

 

Twelve months ending December 31, 2026

 

 

397

 

Twelve months ending December 31, 2027

 

 

391

 

Twelve months ending December 31, 2028

 

 

395

 

Thereafter

 

 

3,754

 

Total undiscounted cash flows

 

$

5,921

 

Discount

 

 

(1,268

)

Lease liability

 

$

4,653