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Leases (Tables) | 6 Months Ended
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Jun. 30, 2021
Leases [Abstract] |
Components of lease costs and supplemental information related to leases | The tables below present the components of lease costs and supplemental information related to leases as of and for the periods presented.
|  |  |  |  |  | June 30, 2021 |  |  | December 31, 2020 |
|  |  |  |  |  | (Dollars in thousands) |
Lease Assets and Liabilities |  |  |  |  |  |  |  |  |  |
ROU assets |  |  |  |  |  | $ | 20,304 |  |  | $ | 19,112 |
Total lease liabilities |  |  |  |  |  |  | 22,039 |  |  |  | 21,164 |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
|  | (Dollars in thousands) |
Lease Cost |  |  |  |  |  |  |  |  |  |  |  |
Operating lease expense (1) |  | $ | 1,681 |  |  | $ | 1,623 |  |  | $ | 3,343 |  |  | $ | 3,246 |
Sublease income |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total lease expense |  | $ | 1,681 |  |  | $ | 1,623 |  |  | $ | 3,343 |  |  | $ | 3,246 |
(1) Includes short-term leases and variable lease costs, which are immaterial.
Other Information |  |  |  |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Operating cash outflows from operating leases, net |  | $ | 1,845 |  |  | $ | 1,869 |  |  | $ | 3,664 |  |  | $ | 3,804 |
|  |  |  |  |  | June 30, 2021 |  |  | December 31, 2020 |
Lease Term and Discount Rate |  |  |  |  |  |  |  |  |  |
Weighted average remaining lease term (years) |  |  |  |  |  |  | 4.41 |  |  |  | 4.16 |
Weighted average discount rate |  |  |  |  |  |  | 2.51 | % |  |  | 2.80 | %
Future lease payments required for leases that have initial or remaining non-cancelable lease terms | The future lease payments required for leases that have initial or remaining non-cancelable lease terms in excess of one year as of June 30, 2021, excluding property taxes and insurance, are as follows:
|  | June 30, 2021 |
|  | (Dollars in thousands) |
Year: |  |  |
2021 (excluding the six months ended June 30, 2021) |  | $ | 3,413 |
2022 |  |  | 6,291 |
2023 |  |  | 4,543 |
2024 |  |  | 3,378 |
2025 |  |  | 2,710 |
Thereafter |  |  | 2,893 |
Total future lease payments |  |  | 23,228 |
Less: Imputed interest |  |  | (1,189 | )
Present value of lease liabilities |  | $ | 22,039 |

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- Definition The tabular disclosure of lease cost and supplemental information related to leases. + References No definition available. + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121573735&loc=d3e41502-112717 + Details
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