Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Information About Leases

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

(dollars in thousands)	September 30,2024				December 31, 2023
Lease liabilities		$	937			$	1,248
Right-of-use assets		$	745			$	1,148
Weighted average remaining lease term	2.81 years				3.37 years
Weighted average discount rate			3.20	%			3.06	%

Lease Cost

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands)	2024		2023		2024		2023
Operating lease cost	$	91	$	131	$	403	$	333
Total lease cost	$	91	$	131	$	403	$	333
Cash paid for amounts included in the measurement of lease liabilities	$	103	$	108	$	320	$	311

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)	September 30, 2024
Three months ending December 31, 2024	$	103
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	$	995
Discount		(58	)
Lease liabilities	$	937