Leases (Tables)

9 Months Ended

Sep. 30, 2023

Leases

Schedule of right-of-use assets and lease liabilities

		September 30,		December 31,
(dollars in thousands)		2023		2022
Lease Right-of-Use Assets	Classification
Operating lease right-of-use assets	Operating lease right-of-use assets	$	5,986	$	5,419
Lease Liabilities
Operating lease liabilities	Operating lease liabilities	$	6,286	$	5,902

Schedule of weighted average remaining lease term and average discount rate

	September 30,		December 31,
	2023		2022
Weighted-average remaining lease term, years
Operating leases	7.2		5.0
Weighted-average discount rate
Operating leases	3.9	%	3.1	%

Schedule of lease costs and other lease information

	Three months ended				Nine months ended
	September 30,				September 30,
(dollars in thousands)	2023		2022		2023		2022
Lease costs
Operating lease cost	$	503	$	425	$	1,438	$	1,250
Variable lease cost		219		187		918		550
Short-term lease cost		46		188		128		276
Finance lease cost
Interest on lease liabilities		—		2		—		7
Amortization of right-of-use assets		—		29		—		87
Sublease income		(50)		(63)		(169)		(179)
Net lease cost	$	718	$	768	$	2,315	$	1,991
Other information
Cash paid for amounts included in the measurement of lease liabilities operating cash flows from operating leases	$	499	$	400	$	1,275	$	1,184
Right-of-use assets obtained in exchange for new operating lease liabilities		(1,240)		1,065		1,938		1,452

Schedule of future minimum payments for leases

	Operating
(dollars in thousands)	Leases
Twelve months ended
September 30, 2024	$	1,667
September 30, 2025		1,278
September 30, 2026		1,064
September 30, 2027		516
September 30, 2028		311
Thereafter		1,830
Total future minimum lease payments	$	6,666
Amounts representing interest		(380)
Total operating lease liabilities	$	6,286