XML 31 R20.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Commitments and Contingent Liabilities (Tables)
 3 Months Ended
Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Summary of Unfunded Fixed Rate Loan Commitments
(Dollars in thousands)
    Due in
One Year
Or Less		      Over One Year
But Less Than
Five Years		      Over
Five Years		      Total  
Unfunded fixed rate loan commitments:
            
Interest rate less than or equal to 4.00%
    $ 17,140      $ 2,929      $ 106      $ 20,175  
Interest rate between 4.00% and 5.00%
      450        3,491        219        4,160  
Interest rate greater than or equal to 5.00%
      2,270        2,667        1,967        6,904  
  
 
 
     
 
 
     
 
 
     
 
 
  
Total unfunded fixed rate loan commitments
    $ 19,860      $ 9,087      $ 2,292      $ 31,239  
  
 
 
     
 
 
     
 
 
     
 
 
  
Summary of credit losses for unfunded loan commitments
The following table presents the balance and activity in the allowance for credit losses for unfunded loan commitments for the three months ended March 31, 2024 and 2023.
 
     Three Months Ended March 31,  
(Dollars in thousands)
    2024      2023  
Beginning balance
    $ 2,166      $ 430  
Adoption of new accounting standard
      —         1,397  
Provision for credit losses
      (195 )       (106 ) 
  
 
 
     
 
 
  
Ending balance
    $ 1,971      $ 1,721  
  
 
 
     
 
 
  
Summary of Quantitative Information About Operating Leases
The following table reflects the quantitative information for the Company’s leases for the three months ended, and as of, March 31, 2024.
 
(Dollars in thousands)
    March 31,
2024		  
Operating lease cost (cost resulting from lease payments)
    $ 590  
Operating lease - operating cash flows (fixed payments)
    $ 598  
Operating lease
right-of-use
assets (other assets)
    $ 8,557  
Operating lease liabilities (other liabilities)
    $  10,265  
Weighted average lease term - operating leases
      5.1 years  
Weighted average discount rate - operating leases
      3.39 % 
Summary of Lessee, Operating Lease
The following table reflects the minimum commitments under these
non-cancellable
leases, before considering renewal options, as of March 31, 2024.
 
(Dollars in thousands)
    March 31,
2024		  
2024
    $ 1,814  
2025
      2,486  
2026
      2,451  
2027
      1,402  
2028
      1,078  
Thereafter
      2,063  
  
 
 
  
Total undiscounted cash flows
      11,294  
Discount on cash flows
      (1,029 ) 
  
 
 
  
Total lease
liability
    $ 10,265