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Leases (Tables)
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Operating Lease Costs and Additional Information

The following table presents the operating lease costs and additional information for the three and six months ended June 30, 2024 and 2023.

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(Dollars in thousands)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Operating lease costs

 

$

607

 

 

$

597

 

 

$

1,210

 

 

$

1,195

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

 

698

 

 

 

603

 

 

 

1,355

 

 

 

1,226

 

Right-of-use asset obtained in exchange for lease liability

 

 

(58

)

 

 

(56

)

 

 

(118

)

 

 

(111

)

Schedule of Breakout of Operating Leases

The following table presents the breakout of the operating leases as of June 30, 2024 and December 31, 2023.

(Dollars in thousands)

 

June 30, 2024

 

 

December 31, 2023

 

Operating lease right-of-use assets

 

$

7,728

 

 

$

8,785

 

Other current liabilities

 

 

2,267

 

 

 

2,472

 

Operating lease liabilities

 

 

6,071

 

 

 

7,019

 

Total operating lease liabilities

 

 

8,338

 

 

 

9,491

 

Weighted average remaining lease term

 

4.5 years

 

 

4.9 years

 

Weighted average discount rate

 

 

5.56

%

 

 

5.47

%

Schedule of Maturities of the Lease Liabilities

At June 30, 2024, maturities of the lease liabilities were as follows:

(Dollars in thousands)

 

 

 

Remainder of 2024

 

$

1,268

 

2025

 

 

2,546

 

2026

 

 

2,567

 

2027

 

 

1,342

 

2028

 

 

573

 

Thereafter

 

 

1,139

 

Total lease payments

 

 

9,435

 

Less imputed interest

 

 

1,097

 

Total operating lease liabilities

 

$

8,338