XML 36 R25.htm IDEA: XBRL DOCUMENT v3.24.2
Leases (Tables)
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Additional Information about Operating Leases The following table presents additional information about the Company's operating leases for the periods indicated:
Three Months Ended June 30,Six Months Ended June 30,
(In Thousands)2024202320242023
Lease Cost
Operating lease cost(1)
$745 $702 $1,482 $1,401 
Short term lease cost(1)
13 46 51 79 
Total lease cost$758 $748 $1,533 $1,480 
Other information
Operating leases - operating cash flows $1,373 $1,307 
Weighted average lease term - operating leases, in years10.6710.47
Weighted average discount rate - operating leases3.62 %3.49 %
(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
2024 (Six months)$1,381 
20252,422 
20261,245 
2027783 
2028547 
Thereafter3,879 
Total minimum lease payments$10,257 
Less: amount of lease payment representing interest(1,988)
Present value of future minimum lease payments$8,269