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Lease Commitment
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lessee Operating Leases [Text Block]
NOTE 9: LEASE COMMITMENTS
We lease certain office
 
facilities and equipment under operating leases. Rent expense for all
 
operating leases totaled $
0.2
million for both years ended December 31, 2022 and 2021.
 
On January 1, 2019, we adopted a new accounting standard
which required the recognition of certain operating leases on our balance sheet as lease right of
 
use assets (reported as
component of
other assets
) and related lease liabilities (reported as a component of
accrued expenses and other liabilities
).
 
Aggregate lease right of use assets were $
588
 
thousand and $
687
 
thousand at December 31, 2022 and 2021, respectively.
 
Aggregate lease liabilities were $
611
 
thousand and $
710
 
thousand at December 31, 2022 and 2021, respectively.
 
Rent
expense includes amounts related to items that are not included in the determination of lease
 
right of use assets including
expenses related to short-term leases totaling $
0.1
 
million for the year ended December 31, 2022.
Lease payments under operating leases that were applied to our operating lease liability totaled
 
$
120
 
thousand during the
year ended December 31, 2022. The following table reconciles future undiscounted
 
lease payments due under non-
cancelable operating leases (those amounts subject to recognition) to the aggregate operating
 
lease liability as of December
31, 2022.
(Dollars in thousands)
Future lease
payments
2023
$
123
2024
123
2025
114
2026
96
2027
96
Thereafter
122
Total undiscounted operating
 
lease liabilities
$
674
Imputed interest
63
Total operating lease liabilities
 
included in the accompanying consolidated balance sheets
$
611
Weighted-average lease terms
 
in years
5.89
Weighted-average discount rate
3.12
%