Lease Commitments & Contingencies (Tables)

3 Months Ended

Mar. 31, 2023

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)	March 31, 2023			December 31, 2022
Operating Leases
Operating lease right of use asset, net	$	5,817		$	5,920
Operating lease liability	$	6,114		$	6,202
Weighted average remaining lease term	15.5 years			15.7 years
Weighted average discount rate	3.51		%	3.51		%
Remaining lease term - min	4.3 years			4.5 years
Remaining lease term - max	21.0 years			22.0 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 March 31, 2023
Lease payments due:
Within one year	$	578
After one but within two years	590
After two but within three years	631
After three but within four years	640
After four but within five years	589
After five years	5,095
Total undiscounted cash flows	$	8,123
Discount on cash flows	2,009
Total lease liability	$	6,114

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 March 31,
(dollars in thousands)	2023		2022
Operating lease cost	$	158	$	146
Cash paid for lease liability	$	142	$	131