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Leases (Tables)
9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Schedule of Operating Lease Costs and Additional Information

The following table presents the operating lease costs and additional information for the three and nine months ended September 30, 2023 and 2022.

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(Dollars in thousands)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Operating lease costs

 

$

597

 

 

$

580

 

 

$

1,792

 

 

$

1,759

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

 

629

 

 

 

684

 

 

 

1,855

 

 

 

1,764

 

Right-of-use asset obtained in exchange for lease liability

 

 

(56

)

 

 

(47

)

 

 

(167

)

 

 

(133

)

Schedule of Breakout of Operating Leases

The following table presents the breakout of the operating leases as of September 30, 2023 and December 31, 2022.

(Dollars in thousands)

 

September 30, 2023

 

 

December 31, 2022

 

Operating lease right-of-use assets

 

$

8,505

 

 

$

9,723

 

Other current liabilities

 

 

2,193

 

 

 

2,239

 

Operating lease liabilities

 

 

7,075

 

 

 

8,408

 

Total operating lease liabilities

 

 

9,268

 

 

 

10,647

 

Weighted average remaining lease term

 

5.0 years

 

 

5.5 years

 

Weighted average discount rate

 

 

5.59

%

 

 

5.66

%

 

Schedule of Maturities of the Lease Liabilities

At September 30, 2023, maturities of the lease liabilities were as follows:

(Dollars in thousands)

 

 

 

Remainder of 2023

 

$

629

 

2024

 

 

2,508

 

2025

 

 

2,492

 

2026

 

 

2,440

 

2027

 

 

1,213

 

Thereafter

 

 

1,290

 

Total lease payments

 

 

10,572

 

Less imputed interest

 

 

1,304

 

Total operating lease liabilities

 

$

9,268