Lease Commitment

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Lessee Operating Leases [Text Block]

NOTE 9: LEASE COMMITMENTS

We lease certain office facilities and equipment under operating leases. Rent expense for all operating leases totaled $

0.2

million for both years ended December 31, 2023 and 2022. Aggregate lease right of use assets were $

485

 thousand and

$

588

 thousand at December 31, 2023 and 2022, respectively. Aggregate lease liabilities were $

509

 thousand and $

611

thousand at December 31, 2023 and 2022, respectively. Rent expense includes amounts related to items that are not

included in the determination of lease right of use assets including expenses related to short-term leases totaling $

0.1

million for the year ended December 31, 2023.

Lease payments under operating leases that were applied to our operating lease liability totaled $

123

 thousand during the

year ended December 31, 2023. The following table reconciles future undiscounted lease payments due under non-

cancelable operating leases (those amounts subject to recognition) to the aggregate operating lease liability as of December

31, 2023.

(Dollars in thousands)

Future lease

payments

2024

$

123

2025

114

2026

96

2027

96

2028

81

Thereafter

41

Total undiscounted operating lease liabilities

$

551

Imputed interest

42

Total operating lease liabilities included in the accompanying consolidated balance sheets

$

509

Weighted-average lease terms in years

5.01

Weighted-average discount rate

3.20

%