LEASE COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Supplemental Information Regarding Leases

Supplemental information related to leases as of and for the six months ended June 30, 2024 was as follows:

Operating Leases	Classification	June 30, 2024
Assets	(dollars in thousands)
Operating lease right-of-use assets	Other assets	$	4,429
Liabilities
Operating lease liabilities (1)	Other liabilities	$	5,568
Lease term and discount rate
Weighted average remaining lease term		1.6 years
Weighted average discount rate (1)		3.4%
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases		$	2,053
(1) For the Company’s leases that do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at adoption date in determining the present value of lease payments.

Operating Lease Liability Schedule of Maturity

The following table provides details related to maturities of lease liabilities:

	Maturity of Lease Liabilities
Years ending December 31,	(dollars in thousands)
2024 (remaining)	$	2,054
2025	3,149
2026	261
2027	269
2028	22
Later years	—
Total lease payments	$	5,755
Less imputed interest	187
Present value of lease liabilities	$	5,568