Premises and Equipment |
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Leases [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Premises and Equipment | Note 4 – Premises and Equipment The following table presents the components of premises and equipment as of the periods shown:
We lease certain premises and equipment under operating and finance leases. At March 31, 2024, we had lease liabilities totaling $13.7 million and right-of-use assets totaling $12.5 million, substantially all of which was related to operating leases. At March 31, 2024, the weighted-average remaining lease term for operating leases was 10.4 years and the weighted-average discount rate used in the measurement of operating lease liabilities was 3.1%. At December 31, 2023, we had lease liabilities totaling $14.0 million and right-of-use assets totaling $12.9 million, substantially all of which was related to operating leases. At December 31, 2023, the weighted-average remaining lease term for operating leases was 10.5 years and the weighted-average discount rate used in the measurement of operating lease liabilities was 3.1%. Lease liabilities and right-of-use assets are reflected in and , respectively. The following table presents lease costs for the periods shown:
For operating leases with initial or remaining terms of one year or more as of March 31, 2024, the following table presents future minimum payments for the twelve month periods ended March 31:
Future minimum payments on finance leases were not material as of March 31, 2024.
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Premises and Equipment | Note 4 – Premises and Equipment The following table presents the components of premises and equipment as of the periods shown:
We lease certain premises and equipment under operating and finance leases. At March 31, 2024, we had lease liabilities totaling $13.7 million and right-of-use assets totaling $12.5 million, substantially all of which was related to operating leases. At March 31, 2024, the weighted-average remaining lease term for operating leases was 10.4 years and the weighted-average discount rate used in the measurement of operating lease liabilities was 3.1%. At December 31, 2023, we had lease liabilities totaling $14.0 million and right-of-use assets totaling $12.9 million, substantially all of which was related to operating leases. At December 31, 2023, the weighted-average remaining lease term for operating leases was 10.5 years and the weighted-average discount rate used in the measurement of operating lease liabilities was 3.1%. Lease liabilities and right-of-use assets are reflected in and , respectively. The following table presents lease costs for the periods shown:
For operating leases with initial or remaining terms of one year or more as of March 31, 2024, the following table presents future minimum payments for the twelve month periods ended March 31:
Future minimum payments on finance leases were not material as of March 31, 2024.
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