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Leases (Tables)
3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Components of Lease Expense

The components of lease expense are as follows:

 

 

 

For the three months ended

 

 

(In thousands)

 

March 31, 2023

 

 

March 31, 2022

 

 

Operating lease cost

 

$

59

 

 

$

57

 

 

Finance lease cost

 

 

55

 

 

 

21

 

 

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

 

 

 

For the three months ended

 

 

(In thousands)

 

March 31, 2023

 

 

March 31, 2022

 

 

Cash paid for amount included in the measurement of lease liabilities:

 

 

     Operating cash flows from operating leases

 

$

54

 

 

$

52

 

 

     Operating cash flows from finance leases

 

 

55

 

 

 

21

 

 

     Financing cash flows from finance leases

 

 

32

 

 

 

18

 

 

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

 

 

 

 

 

 

 

 

(In thousands, except lease term and discount rate)

 

March 31, 2023

 

 

March 31, 2022

 

Operating Leases:

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

2,062

 

 

$

2,102

 

Operating lease liabilities

 

 

2,385

 

 

 

2,409

 

 

 

 

 

 

 

 

Finance Leases:

 

 

 

 

 

 

Finance lease right-of-use assets

 

$

4,178

 

 

$

-

 

Finance lease liability

 

 

4,411

 

 

 

599

 

 

 

 

 

 

 

 

Weighted Average Remaining Lease Term:

 

 

 

 

 

 

Operating Leases

 

18.17 years

 

 

18.16 years

 

Finance Leases

 

28.10 years

 

 

27.17 years

 

 

 

 

 

 

 

 

Weighted Average Discount Rate:

 

 

 

 

 

 

Operating Leases

 

 

3.86

%

 

 

3.73

%

Finance Leases

 

 

9.41

%

 

 

13.75

%

Maturities of Lease Liabilities

Maturities of lease liabilities are as follows:

 

Twelve Months Ending March 31,

 

 

 

(In thousands)

 

 

 

2024

 

$

117

 

2025

 

 

164

 

2026

 

 

175

 

2027

 

 

186

 

2028

 

 

198

 

Thereafter

 

 

5,956

 

Total minimum lease payments

 

$

6,796