Leases (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Classification of Company's ROU assets and Lease Liabilities

The following table represents the consolidated statements of condition classification of the Company’s ROU assets and lease liabilities. The Company elected not to include short-term leases (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the consolidated statements of condition.

Lease Right-of-Use Assets	Classification on Consolidated Statement of Condition	September 30, 2023		December 31, 2022
Operating lease right-of-use assets	Other Assets	$	3,357	$	3,582
Lease Liabilities	Classification on Consolidated Statement of Condition	September 30, 2023		December 31, 2022
Operating lease liabilities	Accrued interest payable and other liabilities	$	3,505	$	3,716

Weighted Average Remaining Lease Term and Discount Rate for Operating Leases

	September 30, 2023			December 31, 2022
Weighted-average remaining lease term for operating leases	8.61 Years			9.62 Years
Weighted-average discount rate for operating leases		6.00	%		6.00	%

Summary of Future Minimum Payments for Operating Leases

Future minimum payments for operating leases with initial or remaining terms of one year or more as of September 30, 2023 are as follows:

	Operating Leases
October 1, 2023 - September 30, 2024	$	794
October 1, 2024 - September 30, 2025		698
October 1, 2025 - September 30, 2026		520
October 1, 2026 - September 30, 2027		419
October 1, 2027 - September 30, 2028		385
Afterward		1,790
Total future minimum lease payments		4,606
Amounts representing interest		(1,101	)
Present value of net future minimum lease payments	$	3,505