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Leases (Tables)

6 Months Ended

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