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Leased Property (Tables)
3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Lessor, Lease Income
The components of lease income, which was included in non-interest expense on the Consolidated Statements of Income, were as follows for the three months ended (in thousands):
March 31, 2023March 31, 2022
Operating lease income$575 $43 
Total lease income$575 $43 
Lessor, Operating Lease, Payment to be Received, Maturity
The remaining maturities of operating lease receivables as of March 31, 2023, are as follows (in thousands):
Operating Leases
Remaining nine months ending December 31, 2023$1,726 
20242,302 
20252,265 
20261,657 
20271,356 
Thereafter3,783 
Total lease receivables$13,089 
Assets And Liabilities, Lessee
Right-of-use assets and liabilities by lease type, and the associated balance sheet classifications are as follows (in thousands):
Balance Sheet ClassificationMarch 31, 2023December 31, 2022
Right-of-use assets:
Operating leasesOther assets$6,474 $7,255 
Finance leasesOther assets2,569 2,620 
Total right-of-use assets$9,043 $9,875 
Lease liabilities:
Operating leasesOther liabilities$6,782 $7,592 
Finance LeasesOther liabilities2,705 2,745 
Total lease liabilities$9,487 $10,337 
Lease, Cost
The components of total lease cost were as follows for the period ending (in thousands):
March 31, 2023March 31, 2022
Finance lease cost
Right-of-use asset amortization$51 $51 
Interest expense15 16 
Operating lease cost839 594 
Total lease cost$905 $661 
The following table presents additional information about the Company’s leases as of March 31, 2023, and December 31, 2022.
Supplemental lease information (dollars in thousands)March 31, 2023December 31, 2022
Finance lease weighted average remaining lease term (years)12.5112.76
Finance lease weighted average discount rate2.22 %2.22 %
Operating lease weighted average remaining lease term (years)3.153.26
Operating lease weighted average discount rate3.16 %3.19 %
Cash paid for amounts included in the measurement of lease liabilitiesMarch 31, 2023March 31, 2022
Operating cash flows from operating leases$868 $569 
Operating cash flows from finance leases15 16 
Financing cash flows from finance leases39 38 
Right-of-use assets obtained in exchange for new finance lease liabilities— — 
Right-of-use assets obtained in exchange for new operating lease liabilities— — 
Lessee, Operating Lease, Liability, Maturity
The Company’s future undiscounted lease payments for finance and operating leases with initial terms of one year or more as of March 31, 2023, are as follows (in thousands):
Operating LeasesFinance Leases
Remaining nine months ending December 31, 2023$2,606 $165 
20242,294 224 
2025839 228 
2026415 233 
2027366 238 
Thereafter625 2,033 
Total undiscounted lease payments7,145 3,121 
Less: Discount(363)(416)
Net lease liabilities$6,782 $2,705 
Finance Lease, Liability, to be Paid, Maturity
The Company’s future undiscounted lease payments for finance and operating leases with initial terms of one year or more as of March 31, 2023, are as follows (in thousands):
Operating LeasesFinance Leases
Remaining nine months ending December 31, 2023$2,606 $165 
20242,294 224 
2025839 228 
2026415 233 
2027366 238 
Thereafter625 2,033 
Total undiscounted lease payments7,145 3,121 
Less: Discount(363)(416)
Net lease liabilities$6,782 $2,705