Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Information About Leases

The following tables present information about the Company’s leases:

(dollars in thousands)	December 31, 2022
Lease liabilities	$	1,632
Right-of-use assets	$	1,579
Weighted average remaining lease term	4.24 years
Weighted average discount rate		2.87	%

Lease Cost

	Years Ended December 31,
Lease cost (in thousands)	2022		2021
Operating lease cost	$	349	$	347
Total lease cost	$	349	$	347
Cash paid for amounts included in the measurement of lease liabilities	$	344	$	351

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:

	As of
Lease payments due (in thousands)	December 31, 2022
Twelve months ending December 31, 2023	$	418
Twelve months ending December 31, 2024		436
Twelve months ending December 31, 2025		395
Twelve months ending December 31, 2026		278
Thereafter		231
Total undiscounted cash flows	$	1,758
Discount		(126	)
Lease liabilities	$	1,632