Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Information About Leases

The right-of-use assets and lease liabilities are included in “Other Assets” and “Other Liabilities,” respectively, in the Consolidated Balance Sheets. There were no new leases executed during the year ended December 31, 2024. The following tables present information about the Company’s leases:

(dollars in thousands)	December 31, 2024			December 31, 2023
Lease liabilities	$	840		$	1,248
Right-of-use assets	$	793		$	1,148
Weighted average remaining lease term		2.63 years			3.37 years
Weighted average discount rate		3.27	%		3.06	%

Lease Cost

	Years Ended December 31,
(dollars in thousands)	2024		2023
Operating lease cost	$	413	$	439
Total lease cost	$	413	$	439
Cash paid for amounts included in the measurement of lease liabilities	$	423	$	417

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)	December 31, 2024
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	$	892
Discount		(52	)
Lease liabilities	$	840