Annual report pursuant to Section 13 and 15(d)

LEASES (Table)

v3.23.4
LEASES (Table)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lease expense and other information related to the Company's operating leases
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in Thousands)
2022
2021
2020
Operating lease expense
$
1,719
$
1,445
$
1,018
Short-term lease expense
658
663
530
Total lease expense
$
2,377
$
2,108
$
1,548
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$
1,937
$
1,609
$
1,174
Right-of-use assets obtained in exchange for new operating lease liabilities
12,475
784
11,101
Weighted-average
 
remaining lease term — operating leases (in years)
19.5
25.3
25.4
Weighted-average
 
discount rate — operating leases
3.1
%
2.0
%
2.1
%
Maturity of remaining lease liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The table below summarizes the maturity of remaining lease liabilities:
(Dollars in Thousands)
December 31, 2022
2022
$
2,482
2023
2,307
2024
2,089
2025
2,013
2026
1,939
2027 and thereafter
18,922
Total
$
29,752
Less: Interest
(7,086)
Present Value
 
of Lease Liability
$
22,666