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Leases (Tables) | 6 Months Ended
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Jun. 30, 2022
Leases [Abstract] |
Schedule of Components of Lease Expense and Other lease Information | The Company’s operating lease obligations are for branch office facilities. The components of lease expense and other lease information as of and during the three and six-month periods ended June 30, 2022 and 2021 were as follows:
|  | For the Three Months |  |  | For the Six Months |
|  | Ended June 30, |  |  | Ended June 30, |
(in thousands) |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Operating lease cost |  | $ | 1,256 |  |  | $ | 1,328 |  |  | $ | 2,414 |  |  | $ | 2,679 |
Variable lease cost |  |  | 349 |  |  |  | 357 |  |  |  | 695 |  |  |  | 741 |
Sublease income |  |  | (139 | ) |  |  | (123 | ) |  |  | (277 | ) |  |  | (246 | )
Total lease cost |  | $ | 1,466 |  |  | $ | 1,562 |  |  | $ | 2,832 |  |  | $ | 3,174 |
Cash paid for amounts included in measurement of lease liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating cash outflows from operating leases |  | $ | 1,278 |  |  | $ | 1,477 |  |  | $ | 2,600 |  |  | $ | 2,965 |
ROU assets obtained in exchange for new operating lease liabilities |  | $ | 2,431 |  |  | $ | 206 |  |  | $ | 2,431 |  |  | $ | 265 |
Reduction to ROU assets resulting from reduction to lease liabilities |  | $ | — |  |  | $ | 1,191 |  |  | $ | — |  |  | $ | 1,250 |
Other non-cash reductions to ROU assets |  | $ | — |  |  | $ | — |  |  | $ | 73 |  |  | $ | — |
(in thousands) |  | June 30, 2022 |  | December 31, 2021
Operating lease ROU assets |  | $ | 14,881 |  |  |  | $ | 14,765 |  |
Operating lease liabilities |  | $ | 16,902 |  |  |  | $ | 16,905 |  |
Weighted-average remaining lease term - operating leases |  | 4.40 |  | years |  | 4.52 |  | years
Weighted-average discount rate - operating leases |  |  | 2.08 |  | % |  |  | 2.02 |  | %
Schedule of Future Minimum Lease Payments under Non-cancellable Leases | Future minimum lease payments under non-cancellable leases as of June 30, 2022 were as follows:
(in thousands) |  | June 30, 2022 |
2022 |  | $ | 2,778 |
2023 |  |  | 5,529 |
2024 |  |  | 3,552 |
2025 |  |  | 2,138 |
2026 |  |  | 1,285 |
2027 |  |  | 826 |
Thereafter |  |  | 1,589 |
Total future minimum lease payments |  | $ | 17,697 |
Less imputed interest |  |  | (795 | )
Total operating lease liability |  | $ | 16,902 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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