LEASE COMMITMENTS & CONTINGENCIES (Tables)

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of Maturities of Operating Lease Liabilities

The table below details the Right of Use asset (net of accumulated amortization), lease liability and other information related to the Company's operating leases:

(dollars in thousands)	September 30, 2022			December 31, 2021
Operating Leases
Operating lease right of use asset, net	$	6,022		$	6,124
Operating lease liability	$	6,288		$	6,343
Weighted average remaining lease term	15.84 years			17.21 years
Weighted average discount rate	3.50		%	3.51		%
Remaining lease term - min	4.8 years			6.3 years
Remaining lease term - max	22.0 years			23.0 years

A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows:

(dollars in thousands)	As of September 30, 2022
Lease payments due:
Within one year	$	569
After one but within two years	584
After two but within three years	611
After three but within four years	637
After four but within five years	629
After five years	5,375
Total undiscounted cash flows	$	8,405
Discount on cash flows	2,117
Total lease liability	$	6,288

Lease Cost

The table below details the Company's lease cost, which is included in occupancy expense in the Unaudited Consolidated Statements of Income.

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands)	2022		2021		2022		2021
Operating lease cost	$	157	$	146	$	454	$	489
Cash paid for lease liability	$	140	$	150	$	406	$	485