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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases  
Schedule of right-of-use assets and lease liabilities

    

    

    

December 31, 

    

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

$

5,419

$

3,727

Finance lease right-of-use assets

 

Land, premises and equipment, net

 

 

87

Total lease right-of-use assets

$

5,419

$

3,814

Lease Liabilities

 

  

 

 

  

Operating lease liabilities

 

Operating lease liabilities

$

5,902

$

4,275

Finance lease liabilities

 

Long-term debt

 

 

203

Total lease liabilities

$

5,902

$

4,478

Schedule of weighted average remaining lease term and average discount rate

December 31, 

December 31, 

 

    

2022

    

2021

Weighted-average remaining lease term, years

Operating leases

 

5.0

3.4

Finance leases

 

0.8

Weighted-average discount rate

 

  

Operating leases

 

3.1

%

2.5

%

Finance leases

 

%

7.8

%

Schedule of lease costs and other lease information

    

Year ended

December 31, 

(dollars in thousands)

    

2022

2021

2020

Lease costs

 

  

Operating lease cost

$

1,799

$

1,827

$

2,457

Variable lease cost

 

899

 

823

 

1,170

Short-term lease cost

 

217

 

181

 

395

Finance lease cost

 

  

 

  

 

  

Interest on lease liabilities

 

7

 

25

 

42

Amortization of right-of-use assets

 

87

 

116

 

116

Sublease income

 

(238)

 

(228)

 

(228)

Net lease cost

$

2,771

$

2,744

$

3,952

Other information

 

  

 

  

Cash paid for amounts included in the measurement of lease liabilities operating cash flows from operating leases

$

1,706

$

1,763

$

2,432

Right-of-use assets obtained in exchange for new operating lease liabilities

4,266

267

$

1,555

Schedule of future minimum payments for leases

Operating

(dollars in thousands)

    

Leases

Twelve months ended

2023

$

1,987

2024

 

1,236

2025

 

1,118

2026

 

936

2027

 

385

Thereafter

 

854

Total future minimum lease payments

$

6,516

Amounts representing interest

 

(614)

Total operating lease liabilities

$

5,902