Leases (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Summary of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

	June 30,			December 31,
	2024			2023
	(Dollars in thousands)
Operating lease ROU assets	$	30,349		$	31,272
Operating lease liabilities		31,861			32,684
Weighted-average remaining lease term-operating leases	12.2 years			12.6 years
Weighted average discount rate-operating leases		4.9	%		4.9	%

Summary of Lease Expense and Cash Flow Information Related to Leases

The components of lease expense and cash flow information related to leases were as follows:

		For the Three Months Ended				For the Six Months Ended
		June 30,				June 30,
		2024		2023		2024		2023
		(Dollars in thousands)
Lease Cost
Operating lease cost	Occupancy and equipment	$	1,021	$	1,079	$	2,047	$	2,094
Operating lease cost	Other operating expenses		19		6		22		10
Short-term lease cost	Other operating expenses		5		4		10		10
Variable lease cost	Occupancy and equipment		36		31		76		62
Total lease cost		$	1,081	$	1,120	$	2,155	$	2,176

Summary of Minimum Annual Rental Payments under Terms of Leases

The Company’s minimum annual rental payments under the terms of the leases are as follows at June 30, 2024:

	Minimum Rental
Years ended December 31:	(in thousands)
Remainder of 2024	$	1,956
2025		3,864
2026		3,716
2027		3,561
2028		3,594
Thereafter		25,474
Total Minimum payments required		42,165
Less: implied interest		10,304
Present value of lease liabilities	$	31,861