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LEASES (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Lease Balance Sheet Location The following table presents the classification of the right-of-use assets and corresponding liabilities within the Consolidated Balance Sheets, as of the dates noted (dollars in thousands):
December 31,
2023
December 31,
2022
Lease Right-of-Use AssetsClassification
Operating lease right-of-use assetsOther assets$8,929 $8,602 
Lease LiabilitiesClassification
Operating lease liabilitiesOther liabilities$10,900 $11,163 
Schedule Of Weighted Average Lease Term And Discount Rate
December 31,
2023
December 31,
2022
Weighted-Average Remaining Lease Term
Operating leases4.67 years4.85 years
Weighted-Average Discount Rate
Operating leases2.78%2.63%
Lease Costs The following table represents the Company’s net lease costs during the periods presented (dollars in thousands):
Year Ended December 31,
20232022
Lease Costs
Operating lease cost$2,964 $3,151 
Variable lease cost1,953 2,104 
Lease costs, net$4,917 $5,255 
Schedule of Minimum Lease Payments Due
The following table presents a maturity analysis of the Company’s operating lease liabilities on an annual basis for each of the next five years and total amounts thereafter (dollars in thousands):
Year Ending December 31,Operating Leases
2024$3,506 
20252,740 
20261,425 
20271,366 
20281,063 
Thereafter1,436 
Total future minimum lease payments11,536 
Less: imputed interest(636)
Present value of net future minimum lease payments$10,900 
Summary of maturity analysis of the Company's operating payments to be received
The following table presents a maturity analysis of the Company’s lease payments to be received on an annual basis for each of the next five years and total amounts thereafter (dollars in thousands):
Year Ending December 31,Undiscounted Operating Lease Income
2024$290
202567
202620
20274
2028
Thereafter
Total undiscounted operating lease income$381