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Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases Leases
At the inception of a contract, an entity should determine whether the contract contains a lease. Topic 842 defines a lease as a contract, or part of a contract, that conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration. Control over the use of an identified asset means that the customer has both (1) the right to obtain substantially all of the economic benefits from the use of the asset and (2) the right to direct the use of the asset.

The Bank has finance leases for branch offices as well as operating leases for branch offices, ATM locations and certain office equipment. The right-of-use asset is included in the ‘Premises, Furniture and Equipment, Net’ line of the Consolidated Balance Sheet. The lease liability is included in the ‘Accrued Interest Payable and Other Liabilities’ line of the Consolidated Balance Sheet.

The Company used the implicit lease rate when determining the present value of lease payments for finance leases. The present value of lease payments for operating leases was determined using the incremental borrowing rate as of the date the Company adopted this standard.

The components of lease expense were as follows:
December 31, 2024December 31, 2023
Finance Lease Cost:
Amortization of Right-of-Use Assets$210 $210 
Interest on Lease Liabilities280 304 
Operating Lease Cost1,319 1,424 
Short-term Lease Cost— — 
Total Lease Cost$1,809 $1,938 
The weighted average lease term and discount rates were as follows:
December 31, 2024December 31, 2023
Weighted Average Remaining Lease Term:
Finance Leases7 years8 years
Operating Leases6 years7 years
Weighted Average Discount Rate:
Finance Leases11.34 %11.37 %
Operating Leases3.10 %3.07 %

Supplemental balance sheet information related to leases were as follows:
December 31, 2024December 31, 2023
Finance Leases
Premises, Furniture and Equipment, Net$1,438 $1,648 
Other Borrowings$2,403 $2,642 
Operating Leases
Operating Lease Right-of-Use Assets$4,315 $5,180 
Operating Lease Liabilities$4,484 $5,337 

Supplemental cash flow information related to leases were as follows:
December 31, 2024December 31, 2023
Cash Paid for Amounts in the Measurement of Lease Liabilities:
Operating Cash Flows from Finance Leases$280 $304 
Operating Cash Flows from Operating Leases1,307 1,395 
Financing Cash Flows from Finance Leases261 211 

The following table presents a maturity analysis of Finance and Operating Lease Liabilities:
December 31, 2024
Finance LeasesOperating Leases
Year 1$519 $1,142 
Year 2519 908 
Year 3486 711 
Year 4438 665 
Year 5438 498 
Thereafter1,071 1,013 
Total Lease Payments3,471 4,937 
Less Imputed Interest(1,068)(453)
Total$2,403 $4,484 
Leases Leases
At the inception of a contract, an entity should determine whether the contract contains a lease. Topic 842 defines a lease as a contract, or part of a contract, that conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration. Control over the use of an identified asset means that the customer has both (1) the right to obtain substantially all of the economic benefits from the use of the asset and (2) the right to direct the use of the asset.

The Bank has finance leases for branch offices as well as operating leases for branch offices, ATM locations and certain office equipment. The right-of-use asset is included in the ‘Premises, Furniture and Equipment, Net’ line of the Consolidated Balance Sheet. The lease liability is included in the ‘Accrued Interest Payable and Other Liabilities’ line of the Consolidated Balance Sheet.

The Company used the implicit lease rate when determining the present value of lease payments for finance leases. The present value of lease payments for operating leases was determined using the incremental borrowing rate as of the date the Company adopted this standard.

The components of lease expense were as follows:
December 31, 2024December 31, 2023
Finance Lease Cost:
Amortization of Right-of-Use Assets$210 $210 
Interest on Lease Liabilities280 304 
Operating Lease Cost1,319 1,424 
Short-term Lease Cost— — 
Total Lease Cost$1,809 $1,938 
The weighted average lease term and discount rates were as follows:
December 31, 2024December 31, 2023
Weighted Average Remaining Lease Term:
Finance Leases7 years8 years
Operating Leases6 years7 years
Weighted Average Discount Rate:
Finance Leases11.34 %11.37 %
Operating Leases3.10 %3.07 %

Supplemental balance sheet information related to leases were as follows:
December 31, 2024December 31, 2023
Finance Leases
Premises, Furniture and Equipment, Net$1,438 $1,648 
Other Borrowings$2,403 $2,642 
Operating Leases
Operating Lease Right-of-Use Assets$4,315 $5,180 
Operating Lease Liabilities$4,484 $5,337 

Supplemental cash flow information related to leases were as follows:
December 31, 2024December 31, 2023
Cash Paid for Amounts in the Measurement of Lease Liabilities:
Operating Cash Flows from Finance Leases$280 $304 
Operating Cash Flows from Operating Leases1,307 1,395 
Financing Cash Flows from Finance Leases261 211 

The following table presents a maturity analysis of Finance and Operating Lease Liabilities:
December 31, 2024
Finance LeasesOperating Leases
Year 1$519 $1,142 
Year 2519 908 
Year 3486 711 
Year 4438 665 
Year 5438 498 
Thereafter1,071 1,013 
Total Lease Payments3,471 4,937 
Less Imputed Interest(1,068)(453)
Total$2,403 $4,484