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Premises and Equipment (Tables)
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Schedule of Premises and Equipment

As of December 31, premises and equipment consisted of the following:

 

(Dollars in thousands)

 

 

 

 

 

 

 

2023

 

 

2022

 

 

Land and land improvements

$

8,415

 

 

$

8,327

 

 

Leasehold improvements

 

81

 

 

 

81

 

 

Buildings

 

29,635

 

 

 

26,823

 

 

Furniture and equipment

 

12,558

 

 

 

11,208

 

 

Total cost

 

50,689

 

 

 

46,439

 

 

Accumulated depreciation

 

(20,939

)

 

 

(18,207

)

 

Premises and equipment, net

$

29,750

 

 

$

28,232

 

 

Rent Commitments Rent commitments under non-cancelable operating leases were as follows, before considering renewal options that generally are present (dollars in thousands):

 

 

2024

 

$

314

 

 

2025

 

 

230

 

 

2026

 

 

168

 

 

2027

 

 

65

 

Total undiscounted cash flows

 

 

777

 

Less discount

 

 

68

 

Total operating lease liabilities

 

$

709