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LEASES
 6 Months Ended
Jun. 30, 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 1.17 to 5.00 years. Some of the leases include an option to extend, the longest of which is for two 5 year terms. As of June 30, 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.
Six Months Ended
June 30, 2023June 30, 2022
The components of total lease cost were as follows:
Operating lease cost$255 $279 
Variable lease cost38 21 
Total lease cost$293 $300 
The components of total lease income were as follows:
Operating lease income$20 $17 
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$273 $278 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$225 $— 
June 30, 2023December 31, 2022
Supplemental balance sheet information related to leases was as follows:
Operating lease right-of-use assets$1,699 $1,700 
Operating lease liabilities$1,927 $1,945 
Weighted average remaining lease term in years; operating leases4.414.89
Weighted average discount rate; operating leases3.17 %2.98 %
Cash obligations and receipts under lease contracts are as follows:
Fiscal years ending December 31,PaymentsReceipts
2023$273 $21 
2024549 31 
2025534 15 
2026464 7 
2027401 — 
Thereafter141 — 
Total2,362 $74 
Less: effects of discounting(435)
Lease liability recognized$1,927 
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 1.17 to 5.00 years. Some of the leases include an option to extend, the longest of which is for two 5 year terms. As of June 30, 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.
Six Months Ended
June 30, 2023June 30, 2022
The components of total lease cost were as follows:
Operating lease cost$255 $279 
Variable lease cost38 21 
Total lease cost$293 $300 
The components of total lease income were as follows:
Operating lease income$20 $17 
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$273 $278 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$225 $— 
June 30, 2023December 31, 2022
Supplemental balance sheet information related to leases was as follows:
Operating lease right-of-use assets$1,699 $1,700 
Operating lease liabilities$1,927 $1,945 
Weighted average remaining lease term in years; operating leases4.414.89
Weighted average discount rate; operating leases3.17 %2.98 %
Cash obligations and receipts under lease contracts are as follows:
Fiscal years ending December 31,PaymentsReceipts
2023$273 $21 
2024549 31 
2025534 15 
2026464 7 
2027401 — 
Thereafter141 — 
Total2,362 $74 
Less: effects of discounting(435)
Lease liability recognized$1,927