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Leases | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Leases | (5) Leases. The Company’s operating lease obligation is for two of its branch locations. as well as a third location expected to open in 2024 in North Miami Beach, Florida. Our leases have a weighted-average remaining lease term of approximately 7.2 years and do not offer options to extend the leases. The components of lease expense and other lease information are as follows (in thousands): Schedule of Components of Lease Cost
|  | 2023 |  |  | 2022 |
|  | For the year ended December 31, |
|  | 2023 |  |  | 2022 |
Operating lease cost |  | $ | 343 |  |  | $ | 280 |
Cash paid for amounts included in measurement of lease liabilities |  | $ | 310 |  |  | $ | 261 |
Schedule of Operating Lease Liability
|  | 2023 |  |  | 2022 |
|  | At December 31 |
|  | 2023 |  |  | 2022 |
Operating lease right-of-use assets |  |  | 2,161 |  |  |  | 2,119 |
Operating lease liabilities |  |  | 2,248 |  |  |  | 2,172 |
Weighted-average remaining lease term |  |  | 7.2 years |  |  |  | 8.4 years |
Weighted-average discount rate |  |  | 4.3 | % |  |  | 2.3 | %
(continued) OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY Notes to Consolidated Financial Statements (5) Leases. Continued Future minimum lease payments under non-cancellable leases, reconciled to our discounted operating lease liabilities are as follows (in thousands): Schedule of Future Minimum Lease Payments Under Non-cancelable Operating Leases
|  | At December 31, 2023 |
2024 |  | $ | 321 |
2025 |  |  | 329 |
2026 |  |  | 343 |
2027 |  |  | 370 |
2028 |  |  | 379 |
Thereafter |  |  | 788 |
Total future minimum lease payments |  |  | 2,530 |
Less imputed interest |  |  | (282 | )
Total operating lease liability |  | $ | 2,248 |

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- 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
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