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Leases (Tables)
9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Additional Information about Operating Leases The following table presents additional information about the Company's operating leases for the periods indicated:
Three Months Ended September 30,Nine Months Ended September 30,
(In Thousands)2023202220232022
Lease Cost
Operating lease cost(1)
$708 $693 $2,109 $2,046 
Short term lease cost(1)
36 115 26 
Total lease cost$744 $702 $2,224 $2,072 
Other information
Operating leases - operating cash flows $1,966 $1,901 
Weighted average lease term - operating leases, in years10.2310.39
Weighted average discount rate - operating leases3.54 %3.28 %
(1)
Expenses are classified within occupancy expense on the Consolidated Statements of Income.
Schedule of Undiscounted Cash Flows for Operating Lease Liabilities The table below reconciles the remaining undiscounted cash flows for the next five years for each twelve-month period presented (unless otherwise indicated) and the total of the subsequent remaining years to the operating lease liabilities recorded on the balance sheet:
(In Thousands)Operating Leases
2023 (Three months)$662 
20242,637 
20252,285 
20261,130 
2027731 
Thereafter4,418 
Total minimum lease payments$11,863 
Less: amount of lease payment representing interest(2,190)
Present value of future minimum lease payments$9,673