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Leases (Tables)
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Additional Information about Operating Leases The following table presents additional information about the Company's operating leases:
Three Months Ended June 30,Six Months Ended June 30,
(In Thousands)2023202220232022
Lease Cost
Operating lease cost(1)
$702 $672 $1,401 $1,353 
Short term lease cost(1)
46 79 17 
Total lease cost$748 $677 $1,480 $1,370 
Other information
Operating leases - operating cash flows $1,307 $1,278 
Weighted average lease term - operating leases, in years10.4710.79
Weighted average discount rate - operating leases3.49 %3.26 %
(1)
Expenses are classified within occupancy expense on the Consolidated Statements of Income.
Schedule of Undiscounted Cash Flows for Operating Lease Liabilities The table below reconciles the remaining undiscounted cash flows for the next five years for each twelve-month period presented (unless otherwise indicated) and the total of the subsequent remaining years to the operating lease liabilities recorded on the balance sheet:
(In Thousands)Operating Leases
2023 (Six months)$1,321 
20242,478 
20252,271 
20261,130 
2027731 
Thereafter4,418 
Total minimum lease payments$12,349 
Less: amount of lease payment representing interest(2,262)
Present value of future minimum lease payments$10,087