XML 41 R34.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Leases (Tables)
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Summary of Components of Operating Lease Cost and Other Related Information

The components of operating lease cost and other related information are as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

 

 

(dollars in thousands)

 

 Operating lease cost

 

$

1,755

 

 

$

1,737

 

 Variable lease cost (cost excluded from lease payments)

 

 

8

 

 

 

7

 

 Sublease income

 

 

(129

)

 

 

(128

)

 Total operating lease cost

 

$

1,634

 

 

$

1,616

 

Other Information

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities -
   operating cash flows for operating leases

 

$

1,890

 

 

$

1,843

 

 Operating Lease - operating cash flows (liability reduction)

 

 

1,699

 

 

 

1,653

 

 Weighted average lease term - operating leases

 

4.81 Years

 

 

5.33 Years

 

 Weighted average discount rate - operating leases

 

 

3.25

%

 

 

3.03

%

 

Schedule of Total Minimum Lease Payments Due in Future Periods for Lease Agreements

The total minimum lease payments due in future periods under these agreements in effect at March 31, 2024 were as follows:

 

 

 

Future Minimum

 

 

 

Lease Payments

 

 

 

(dollars in thousands)

 

Remainder of 2024

 

$

5,120

 

2025

 

 

6,104

 

2026

 

 

4,867

 

2027

 

 

3,079

 

2028

 

 

2,710

 

Thereafter

 

 

3,971

 

Total minimum lease payments

 

$

25,851

 

Less: interest

 

 

(1,937

)

Total lease liability

 

$

23,914