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Leases (Tables)

9 Months Ended

Sep. 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.


						September 30, 2021				December 31, 2020
						(Dollars in thousands)
Lease Assets and Liabilities
ROU assets						$	19,403			$	19,112
Total lease liabilities							21,073				21,164


		Three Months Ended September 30,								Nine Months Ended September 30,
		2021				2020				2021				2020
		(Dollars in thousands)
Lease Cost
Operating lease expense (1)		$	1,634			$	1,654			$	4,977			$	4,900
Sublease income			-				-				-				-
Total lease expense		$	1,634			$	1,654			$	4,977			$	4,900

(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		$	1,700			$	1,826			$	5,364			$	5,630


						September 30, 2021				December 31, 2020
Lease Term and Discount Rate
Weighted average remaining lease term (years)							4.33				4.16
Weighted average discount rate							2.47	%			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 September 30, 2021, excluding property taxes and insurance, are as follows:


		September 30, 2021
		(Dollars in thousands)
Year:
2021 (excluding the nine months ended September 30, 2021)		$	1,713
2022			6,392
2023			4,660
2024			3,498
2025			2,806
Thereafter			3,085
Total future lease payments			22,154
Less: Imputed interest			(1,081	)
Present value of lease liabilities		$	21,073