XML 44 R37.htm IDEA: XBRL DOCUMENT

Leases (Tables)

6 Months Ended

Jun. 30, 2025

Lease Portfolio and Other Supplemental Lease Information

The following tables summarize information related to the Company’s lease portfolio and other supplemental lease information as of and for the periods ended:


	June 30, 2025						December 31, 2024
	Operating			Finance			Operating			Finance
(Dollars in thousands)
ROU assets	$	5,501		$	—		$	5,648		$	—
Lease liabilities		5,501			1,481			5,648			1,509
Lease Term and Discount Rate:
Weighted-average remaining lease term (years)		13.25			13.92			13.68			14.42
Weighted-average discount rate(1)		7.75	%		8.12	%		7.82	%		8.12	%

(1) A lease implicit rate or incremental borrowing rate is used based on information available at commencement date of lease.

Schedule of Total Minimum Lease Payments Due In Future Periods For Lease Agreements


	Three months ended June 30,
(Dollars in thousands)	2025		2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	74	$	36
Principal payments on finance lease		14		3
Financing cash flows from finance lease		—		1,539
ROU assets obtained in exchange for lease obligations:
Operating leases	$	—	$	5,263
Net operating lease cost	$	74	$	36
Finance lease cost:
Amortization of right-of-use assets		14		3
Interest on lease liabilities		24		6
Total lease cost	$	112	$	45

	Six months ended June 30,
(Dollars in thousands)	2025		2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	146	$	61
Principal payments on finance lease		28		3
Financing cash flows from finance lease		—		1,539
ROU assets obtained in exchange for lease obligations:
Operating leases	$	—	$	5,263
Net operating lease cost	$	146	$	61
Finance lease cost:
Amortization of right-of-use assets		28		3
Interest on lease liabilities		49		6
Total lease cost	$	223	$	70

The total minimum lease payments due in future periods for lease agreements in effect at June 30, 2025 were as follows:


As of June 30, 2025	Future Minimum Lease Payments
(Dollars in thousands)	Operating			Finance
Remainder of 2025	$	330		$	79
2026		666			160
2027		666			164
2028		651			168
2029		665			172
2030		648			176
Thereafter		5,724			1,673
Total minimum lease payments		9,350			2,592
Less: interest		(3,849	)		(1,111	)
Total lease liability	$	5,501		$	1,481