Leases

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

NOTE 2 – LEASES

For the years ended December 31, 2022 and 2021, cash paid for amounts included in the measurement of operating lease liabilities was $326 and $322, respectively, and lease right-of-use assets obtained in exchange for new operating lease liabilities was $330 and $325, respectively. The weighted-average remaining lease term was four years as of both December 31, 2022 and 2021, and the weighted-average discount rate was 2.6% and 2.1%, respectively.

The following table summarizes the Partnership's operating lease cost, variable lease cost not included in the lease liability and total lease cost for the years ended December 31:

	2022		2021		2020
Lease Costs:
Operating lease cost	$	328	$	319	$	304
Variable lease cost		61		58		57
Total lease cost	$	389	$	377	$	360

The Partnership's future undiscounted cash outflows for operating leases are summarized below as of December 31:

	2022
2023	$	310
2024		249
2025		188
2026		130
2027		68
Thereafter		69
Total lease payments		1,014
Less: Interest		56
Total present value of lease liabilities	$	958

While the rights and obligations for leases that have not yet commenced are not significant, the Partnership regularly enters into new branch office leases.