| Leases The Company leases office space under various operating lease agreements. The initial terms of these leases range from 2 to 9 years and generally provide for periodic rent increases and renewal options. The components of lease expense were as follows: | | | | | | | | | | | | | | | | (Dollars in Thousands) | | For the Years Ended December 31, | | | 2023 | | 2022 | | Operating lease cost | | $ | 2,696 | | $ | 2,669 | | | | | | | Cash paid for amounts included in the measurement of lease liabilities - operating leases | | $ | 3,861 | | $ | 2,971 | | Weighted-average remaining lease term - operating leases | | 3.8 Years | | 4.4 Years | | Weighted-average discount rate - operating leases | | 2.7 | % | | 3.0 | % | | | | | | | New ROU assets recognized in exchange for new lease liabilities | | $ | — | | | $ | 147 | |
The aggregate future lease payments for operating leases in the years subsequent to December 31, 2023 are as follows: | | | | | | | | | | (Dollars in Thousands) | | | | 2024 | | $ | 2,904 | | | 2025 | | 2,401 | | | 2026 | | 1,762 | | | 2027 | | 814 | | | 2028 | | 399 | | | Thereafter | | 402 | | | Total future lease payments | | 8,682 | | | Imputed interest | | (393) | | | Total | | $ | 8,289 | |
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