Leases (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Information About Leases

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

(dollars in thousands)	June 30, 2024				December 31, 2023
Lease liabilities		$	1,032			$	1,248
Right-of-use assets		$	836			$	1,148
Weighted average remaining lease term	3.02 years				3.37 years
Weighted average discount rate			3.16	%			3.06	%

Lease Cost

	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in thousands)	2024		2023		2024		2023
Operating lease cost	$	206	$	101	$	312	$	202
Total lease cost	$	206	$	101	$	312	$	202
Cash paid for amounts included in the measurement of lease liabilities	$	109	$	112	$	217	$	203

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
(dollars in thousands)	June 30, 2024
Six months ending December 31, 2024	$	206
Twelve months ending December 31, 2025		382
Twelve months ending December 31, 2026		278
Twelve months ending December 31, 2027		208
Twelve months ending December 31, 2028		24
Total undiscounted cash flows	$	1,098
Discount		(66	)
Lease liabilities	$	1,032