Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Information about Leases

The right-of-use asset and lease liability are included in other assets and other liabilities, respectively, in the consolidated balance sheets. There were no new leases executed during the first six months of 2022. The following tables present information about the Company’s leases:

(dollars in thousands)	June 30, 2022
Lease liabilities	$	878
Right-of-use assets	$	853
Weighted average remaining lease term	3.14 years
Weighted average discount rate		1.73	%

Lease Cost

	Three Months Ended June 30,				Six Months Ended June 30,
Lease cost (in thousands)	2022		2021		2022		2021
Operating lease cost	$	82	$	81	$	164	$	185
Total lease cost	$	82	$	81	$	164	$	185
Cash paid for amounts included in the measurement of lease liabilities	$	85	$	84	$	169	$	187

Maturity of Operating Lease Liabilities

A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities is as follows:

Lease payments due (in thousands)	As of June 30, 2022
Six months ending December 31, 2022	$	170
Twelve months ending December 31, 2023		248
Twelve months ending December 31, 2024		240
Twelve months ending December 31, 2025		193
Thereafter		70
Total undiscounted cash flows	$	921
Discount		(43	)
Lease liabilities	$	878