Leases

12 Months Ended

Dec. 31, 2023

Leases

Leases

(26)Leases

The table below presents lease costs and other information for the years indicated:

	Year Ended
	December 31,
(Dollars in thousands)	2023		2022
Lease costs:
Operating lease costs	$	2,757	$	2,991
Short-term lease costs		511		296
Variable lease costs		163		165
Total lease costs	$	3,431	$	3,452
Cash paid for amounts included in measurement of lease liabilities	$	(991)	$	3,193
ROU assets obtained in exchange for new operating lease liabilities	$	693	$	7,462

At December 31, 2023, future minimum rental commitments under noncancellable operating leases are as follows:

	December 31,
(Dollars in thousands)	2023
2024	$	2,818
2025		2,199
2026		2,038
2027		1,961
2028		1,729
Thereafter		9,299
Total		20,044
Less lease incentives to be received in 2024		(729)
Less present value discount		(2,018)
Present value of leases	$	17,297

The table below presents other lease related information:

	December 31,			December 31,
	2023			2022
Weighted-average remaining lease term (years)		9.77			8.88
Weighted-average discount rate		2.15	%		2.03	%

The Company leased to a tenant certain property that it owns under a non-cancelable lease that expires on December 31, 2031. Rental income comprised of minimum rentals for 2023 and 2022 was $155,000 and $110,000, respectively.