Leases (Tables)

3 Months Ended

Mar. 31, 2025

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 three months ended March 31, 2025. The following tables present information about the Company’s leases:

(dollars in thousands)	March 31, 2025				December 31, 2024
Lease liabilities		$	746		$	840
Right-of-use assets		$	712		$	793
Weighted average remaining lease term	2.45 years				2.63 years
Weighted average discount rate			3.35	%		3.27	%

Lease Cost

	Three Months Ended March 31,
(dollars in thousands)	2025		2024
Operating lease cost	$	100	$	106
Total lease cost	$	100	$	106
Cash paid for amounts included in the measurement of lease liabilities	$	105	$	108

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)	March 31, 2025
Nine months ending December 31, 2025	$	277
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	$	787
Discount		(41	)
Lease liabilities	$	746