Leases

3 Months Ended

Mar. 31, 2024

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, 2024 were as follows (in thousands):

	Three Months Ended  March 31,
	2024		2023
Operating lease expense	$	226	181
Short-term lease expense	19		30
Variable lease expense	4		1
Other	7		5
Total lease expense	$	256	217

Other information related to leases at March 31, 2024 were as follows (dollars in thousands):

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	228
Right-of-use assets obtained in exchange for new operating lease liabilities	$	—
Weighted average remaining lease term in years for operating leases	33.3
Weighted average discount rate for operating leases	3.55		%