Leases (Tables)

9 Months Ended

Sep. 30, 2022

Leases

Schedule of right-of-use assets and lease liabilities

		September 30,		December 31,
(dollars in thousands)		2022		2021
Lease Right-of-Use Assets	Classification
Operating lease right-of-use assets	Operating lease right-of-use assets	$	3,481	$	3,727
Finance lease right-of-use assets	Land, premises and equipment, net		—		87
Total lease right-of-use assets		$	3,481	$	3,814
Lease Liabilities
Operating lease liabilities	Operating lease liabilities	$	3,802	$	4,275
Finance lease liabilities	Long-term debt		21		203
Total lease liabilities		$	3,823	$	4,478

Schedule of weighted average remaining lease term and average discount rate

	September 30,		December 31,
	2022		2021
Weighted-average remaining lease term, years
Operating leases	4.4		3.4
Finance leases	—		0.8
Weighted-average discount rate
Operating leases	2.7	%	2.5	%
Finance leases	7.8	%	7.8	%

Schedule of lease costs and other lease information

	Three months ended				Nine months ended
	September 30,				September 30,
(dollars in thousands)	2022		2021		2022		2021
Lease costs
Operating lease cost	$	425	$	429	$	1,250	$	1,417
Variable lease cost		187		192		550		583
Short-term lease cost		188		89		276		172
Finance lease cost
Interest on lease liabilities		2		7		7		22
Amortization of right-of-use assets		29		29		87		87
Sublease income		(63)		(51)		(179)		(163)
Net lease cost	$	768	$	695	$	1,991	$	2,118
Other information
Cash paid for amounts included in the measurement of lease liabilities operating cash flows from operating leases	$	400	$	411	$	1,184	$	1,372
Right-of-use assets obtained in exchange for new operating lease liabilities		1,065		—		1,452		—

Schedule of future minimum payments for finance leases

Future minimum payments for finance and operating leases with initial or remaining terms of one year or more as of September 30, 2022 were as follows:

	Finance		Operating
(dollars in thousands)	Leases		Leases
Twelve months ended
September 30, 2023	$	21	$	1,582
September 30, 2024		—		827
September 30, 2025		—		541
September 30, 2026		—		402
September 30, 2027		—		309
Thereafter		—		441
Total future minimum lease payments	$	21	$	4,102
Amounts representing interest		—		(300)
Total operating lease liabilities	$	21	$	3,802

Schedule of future minimum payments for operating leases

	Finance		Operating
(dollars in thousands)	Leases		Leases
Twelve months ended
September 30, 2023	$	21	$	1,582
September 30, 2024		—		827
September 30, 2025		—		541
September 30, 2026		—		402
September 30, 2027		—		309
Thereafter		—		441
Total future minimum lease payments	$	21	$	4,102
Amounts representing interest		—		(300)
Total operating lease liabilities	$	21	$	3,802