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Leases | 3 Months Ended
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Mar. 31, 2021
Leases [Abstract] |
Leases | (6) LEASES Lessee The Company has operating leases, which primarily consist of office space in buildings, ATM locations, storage facilities, parking lots, equipment and land on which it owns certain buildings. Rent expense for all operating leases, including those rented on a monthly or temporary basis totaled approximately $503,000 and approximately $463,000 for the three months ended March 31, 2021 and March 31, 2020, respectively. As of March 31, 2021, right of use lease asset included in accrued interest receivable and other assets on the balance sheet totaled $4.1 million, and a related lease liability included in accrued interest payable and other liabilities on the balance sheet totaled $4.0 million. There have been no significant changes in our expected future minimum lease payments since December 31, 2020. The future minimum lease payments are disclosed in Note (20) to the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. As of March 31, 2021, our operating leases have a weighted-average remaining lease term of 3.3 years and a weighted-average discount rate of 3.1 percent. Maturity of Operating Lease Liabilities
|  | March 31, 2021 |
|  | (Dollars in thousands) |
2021 (nine months) |  | $ | 1,059 |
2022 |  |  | 1,217 |
2023 |  |  | 713 |
2024 |  |  | 352 |
2025 |  |  | 285 |
Thereafter |  |  | 891 |
Total lease payments |  |  | 4,517 |
Less imputed Interest |  |  | (525 | )
Operating lease liability |  | $ | 3,992 |
Lessor The Company is a lessor of operating leases, which primarily consist of office space in buildings and parking lots. These assets are classified on the balance sheet as premises and equipment. The Company had operating lease revenue of $1.4 million for both the three months ended March 31, 2021 and March 31, 2020. Lease revenue is included in occupancy, net on the consolidated statement of comprehensive income. Future Minimum Lease Payments to be received The Company does not have operating leases that extend beyond 2031. The following table presents the scheduled minimum future contractual rent to be received under the remaining non-cancelable term of the operating leases:
|  | March 31, 2021 |
|  | (Dollars in thousands) |
2021 (nine months) |  | $ | 2,641 |
2022 |  |  | 2,886 |
2023 |  |  | 2,665 |
2024 |  |  | 2,601 |
2025 |  |  | 1,975 |
2026-2031 |  |  | 6,151 |
Total future minimum lease payments |  | $ | 18,919 |

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- Definition Lessee and lessor operating leases. + References No definition available. + Details
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