Leases

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Leases

LEASES

Lease expenses for offices are included in the consolidated condensed statements of income in net occupancy expense and lease expenses for equipment and ATMs are included in equipment expense. Components of lease expense for the three months ended March 31, 2023 were as follows (in thousands):

	Three Months Ended  March 31,
	2023	2022
Operating lease expense	181	159
Short-term lease expense	30	34
Variable lease expense	1	—
Other	5	3
Total lease expense	217	196

Other information related to leases at March 31, 2023 were as follows (dollars in thousands):

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	186
Right-of-use assets obtained in exchange for new operating lease liabilities	$	—
Weighted average remaining lease term in years for operating leases	32.3
Weighted average discount rate for operating leases	3.47		%