Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Information about leases

The following tables present information about the Company’s leases as of and for the years ended December 31, 2023 and December 31, 2022.

(Dollars in thousands)	December 31, 2023			December 31, 2022
Lease liabilities	$	12,857		$	9,908
Right-of-use assets	$	12,487		$	9,629
Weighted average remaining lease term	10.88 years			12.55 years
Weighted average discount rate	3.24		%	2.50		%
Remaining lease term - min	0.39 years			0.16 years
Remaining lease term - max	17.68 years			18.68 years

	For the Year Ended
Lease cost (in thousands)	December 31, 2023		December 31, 2022
Operating lease cost	$	1,645	$	1,355
Short-term lease cost	—		—
Total lease cost	$	1,645	$	1,355
Cash paid for amounts included in the measurement of lease liabilities	$	1,553	$	1,268

Operating lease liabilities

The following table presents a maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities at December 31, 2023.

Lease payments due (in thousands)	As of December 31, 2023
2024	$	1,801
2025	1,617
2026	1,575
2027	1,469
2028	1,419
Thereafter	7,261
Total undiscounted cash flows	$	15,142
Discount	2,285
Lease liabilities	$	12,857

Minimum future annual rental income

The following table presents our minimum future annual rental income on such leases at December 31, 2023.

(In thousands)	As of December 31, 2023
2024	$	833
2025	854
2026	876
2027	562
2028	578
Thereafter	2,521
Total	$	6,224