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LEASES
3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
LEASES LEASES
We have operating leases for 1 corporate office, 4 bank branch offices, 1 former bank branch office, and 1 ATM location. Our leases have remaining lease terms ranging from approximately 0.58 to 5.25 years. Some of the leases include an option to extend, the longest of with is for two 5 year terms. As of March 31, 2023, we have no lease commitments that have not yet commenced. The Company also leases a portion of some of its facilities and receives rental income from such lease agreements, all of which are considered operating leases.
Three Months Ended
March 31, 2023March 31, 2022
The components of total lease cost were as follows:
Operating lease cost$129 $139 
Variable lease cost13 10 
Total lease cost$142 $149 
The components of total lease income were as follows:
Operating lease income$$
Supplemental cash flow information related to leases was as follows:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$138 $139 
March 31, 2023December 31, 2022
Supplemental balance sheet information related to leases was as follows:
Operating lease right-of-use assets$1,586 $1,700 
Operating lease liabilities$1,823 $1,945 
Weighted average remaining lease term in years; operating leases4.694.89
Weighted average discount rate; operating leases3.00 %2.98 %
Cash obligations and receipts under lease contracts are as follows:
Fiscal years ending December 31,PaymentsReceipts
2023$433 $24 
2024467 17 
2025452 
2026396 — 
2027401 — 
Thereafter141 — 
Total2,290 $43 
Less: effects of discounting(467)
Lease liability recognized$1,823 
LEASES LEASES
We have operating leases for 1 corporate office, 4 bank branch offices, 1 former bank branch office, and 1 ATM location. Our leases have remaining lease terms ranging from approximately 0.58 to 5.25 years. Some of the leases include an option to extend, the longest of with is for two 5 year terms. As of March 31, 2023, we have no lease commitments that have not yet commenced. The Company also leases a portion of some of its facilities and receives rental income from such lease agreements, all of which are considered operating leases.
Three Months Ended
March 31, 2023March 31, 2022
The components of total lease cost were as follows:
Operating lease cost$129 $139 
Variable lease cost13 10 
Total lease cost$142 $149 
The components of total lease income were as follows:
Operating lease income$$
Supplemental cash flow information related to leases was as follows:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$138 $139 
March 31, 2023December 31, 2022
Supplemental balance sheet information related to leases was as follows:
Operating lease right-of-use assets$1,586 $1,700 
Operating lease liabilities$1,823 $1,945 
Weighted average remaining lease term in years; operating leases4.694.89
Weighted average discount rate; operating leases3.00 %2.98 %
Cash obligations and receipts under lease contracts are as follows:
Fiscal years ending December 31,PaymentsReceipts
2023$433 $24 
2024467 17 
2025452 
2026396 — 
2027401 — 
Thereafter141 — 
Total2,290 $43 
Less: effects of discounting(467)
Lease liability recognized$1,823