v3.25.2
PREMISES, EQUIPMENT AND LEASES (Tables)
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Summary of Premises and Equipment
A summary of premises, equipment and leases at December 31, 2024 and December 31, 2023 is as follows:
December 31,December 31,
(dollars in thousands)20242023
Land$15,986 $15,968 
Buildings and improvements83,296 78,104 
Furniture and equipment36,526 35,797 
Lease right-of-use assets8,830 7,673 
Total144,638 137,542 
Accumulated depreciation(58,928)(54,728)
Premises and equipment, net$85,710 $82,814 
Summary of Information Related to Operating Leases
Information related to operating leases for the years ended December 31, 2024 and 2023 was as follows:
Years Ended December 31,
(dollars in thousands)20242023
Operating lease cost$1,989 $1,919 
Operating cash flows from leases2,373 2,256 
Right-of-use assets obtained in exchange for lease obligations2,889 2,470 
Weighted average remaining lease term6.9 years7.8 years
Weighted average discount rate3.66 %3.41 %
Summary of Projected Minimum Rental Payments
The projected minimum rental payments under the terms of the leases as of December 31, 2024 were as follows:
(dollars in thousands)Amount
Year ending December 31:
2025$1,768 
20261,824 
20271,708 
20281,659 
20291,445 
Thereafter3,103 
Total future minimum lease payments11,507 
Less imputed interest(1,395)
Total operating lease liabilities$10,112 
The future lease payments receivable from operating leases as of December 31, 2024 are as follows:
(dollars in thousands)Amount
Year ending December 31:
2025$9,043 
20263,730 
20272,401 
20281,254 
2029698 
Thereafter48 
Total future minimum lease payments17,174