XML 75 R13.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

LEASES | 3 Months Ended
--- | ---
Mar. 31, 2024
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 0.42 to 4.25 years. Some of the leases include an option to extend, the longest of which is for two 5 year terms. As of March 31, 2024, 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, 2024 |  | March 31, 2023
The components of total lease cost were as follows: |  |  |  |
Operating lease cost |  | $ | 127 |  |  | $ | 129 |
Variable lease cost |  | 16 |  |  | 13 |
Total lease cost |  | $ | 143 |  |  | $ | 142 |
The components of total lease income were as follows: |  |  |  |
Operating lease income |  | $ | 11 |  |  | $ | 9 |
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 |  | $ | 136 |  |  | $ | 138 |
|  | March 31, 2024 |  | December 31, 2023
Supplemental balance sheet information related to leases was as follows: |  |  |  |
Operating lease right-of-use assets (1) |  | $ | 1,303 |  |  | $ | 1,477 |
Operating lease liabilities (2) |  | $ | 1,568 |  |  | $ | 1,686 |
Weighted average remaining lease term in years; operating leases |  | 3.71 |  | 3.94
Weighted average discount rate; operating leases |  | 3.21 | % |  | 3.20 | %
(1) Operating lease right-of-use assets are recorded as other assets in the consolidated balance sheets. (2) Operating lease liabilities are recorded as other liabilities in the consolidated balance sheets. Cash obligations and receipts under lease contracts are as follows:
Fiscal years ending December 31, | Payments | Receipts
2024 | 413 |  | 28 |
2025 | 534 |  | 15 |
2026 | 458 |  | 7 |
2027 | 401 |  | — |
2028 | 55 |  | — |
Thereafter | — |  | — |
Total | 1,861 |  | $ | 50 |
Less: effects of discounting | (293) |  |
Lease liability recognized | $ | 1,568 |  |
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 0.42 to 4.25 years. Some of the leases include an option to extend, the longest of which is for two 5 year terms. As of March 31, 2024, 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, 2024 |  | March 31, 2023
The components of total lease cost were as follows: |  |  |  |
Operating lease cost |  | $ | 127 |  |  | $ | 129 |
Variable lease cost |  | 16 |  |  | 13 |
Total lease cost |  | $ | 143 |  |  | $ | 142 |
The components of total lease income were as follows: |  |  |  |
Operating lease income |  | $ | 11 |  |  | $ | 9 |
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 |  | $ | 136 |  |  | $ | 138 |
|  | March 31, 2024 |  | December 31, 2023
Supplemental balance sheet information related to leases was as follows: |  |  |  |
Operating lease right-of-use assets (1) |  | $ | 1,303 |  |  | $ | 1,477 |
Operating lease liabilities (2) |  | $ | 1,568 |  |  | $ | 1,686 |
Weighted average remaining lease term in years; operating leases |  | 3.71 |  | 3.94
Weighted average discount rate; operating leases |  | 3.21 | % |  | 3.20 | %
(1) Operating lease right-of-use assets are recorded as other assets in the consolidated balance sheets. (2) Operating lease liabilities are recorded as other liabilities in the consolidated balance sheets. Cash obligations and receipts under lease contracts are as follows:
Fiscal years ending December 31, | Payments | Receipts
2024 | 413 |  | 28 |
2025 | 534 |  | 15 |
2026 | 458 |  | 7 |
2027 | 401 |  | — |
2028 | 55 |  | — |
Thereafter | — |  | — |
Total | 1,861 |  | $ | 50 |
Less: effects of discounting | (293) |  |
Lease liability recognized | $ | 1,568 |  |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for lessor's operating leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-30/tableOfContent + Details
Name: | us-gaap_OperatingLeasesOfLessorDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration