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Leases (Tables) | 6 Months Ended
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Jun. 30, 2023
Leases [Abstract] |
Summary of Right-of-Use Asset and Net Lease Liability | The following table summarizes information related to the Company’s right-of-use asset and net lease liability:
|  | June 30, 2023
|  | Operating Leases |  |  | Balance Sheet Location
|  | (Dollars in thousands)
Right-of-use asset |  | $ | 179 |  |  | Other Assets
Net lease liability |  |  | 179 |  |  | Other Liabilities
|  | December 31, 2022
|  | Operating Leases |  |  | Balance Sheet Location
|  | (Dollars in thousands)
Right-of-use asset |  | $ | 202 |  |  | Other Assets
Net lease liability |  |  | 202 |  |  | Other Liabilities
Components of Operating Lease Cost and Other Related Information | The components of operating lease cost and other related information are as follows:
|  | The three months ended June 30, |
(Dollars in thousands) |  | 2023 |  |  | 2022 |
Operating lease cost |  | $ | 12 |  |  | $ | 19 |
Short-term lease cost |  |  | — |  |  |  | — |
Variable lease cost (cost excluded from lease payments) |  |  | — |  |  |  | — |
Sublease income |  |  | — |  |  |  | — |
Total operating lease cost |  |  | 12 |  |  |  | 19 |
Other Information: |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities - operating cash flows from operating leases |  |  | 12 |  |  |  | 19 |
Operating lease - operating cash flows (liability reduction) |  | $ | — |  |  | $ | — |
Weighted average lease term remaining (in years) |  |  | 3.94 |  |  |  | 4.80 |
Weighted average discount rate |  |  | 3.31 | % |  |  | 3.28 | %
|  | The six months ended June 30, |
(Dollars in thousands) |  | 2023 |  |  | 2022 |
Operating lease cost |  | $ | 23 |  |  | $ | 31 |
Short-term lease cost |  |  | — |  |  |  | — |
Variable lease cost (cost excluded from lease payments) |  |  | — |  |  |  | — |
Sublease income |  |  | — |  |  |  | — |
Total operating lease cost |  |  | 23 |  |  |  | 31 |
Other Information: |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities - operating cash flows from operating leases |  |  | 23 |  |  |  | 31 |
Operating lease - operating cash flows (liability reduction) |  | $ | — |  |  | $ | — |
Weighted average lease term remaining (in years) |  |  | 3.94 |  |  |  | 4.80 |
Weighted average discount rate |  |  | 3.31 | % |  |  | 3.28 | %
Schedule of Total Minimum Lease Payments Due In Future Periods For Lease Agreements | The total minimum lease payments due in future periods for lease agreements in effect at June 30, 2023 were as follows:
As of June 30, 2023 |  | Future Minimum Lease Payments |
|  | (Dollars in thousands) |
Remainder of 2023 |  | $ | 26 |
2024 |  |  | 49 |
2025 |  |  | 45 |
2026 |  |  | 43 |
2027 |  |  | 29 |
Total minimum lease payments |  |  | 192 |
Less: interest |  |  | (13 | )
Total lease liability |  | $ | 179 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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