XML 42 R32.htm IDEA: XBRL DOCUMENT
v3.22.2

Note 24 - Leases | 6 Months Ended
--- | ---
Jun. 30, 2022
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] |
(24) | Leases
Bancorp has operating leases for various branch locations with terms ranging from one year to 18 years, some of which include options to extend the leases in five-year increments. A total of four operating leases were added as a result of the CB acquisition. Options reasonably expected to be exercised are included in determination of the right-of-use asset. Bancorp elected to use a practical expedient to expense short-term lease obligations associated with leases with original terms of 12 months or less. Bancorp elected not to separate non-lease components from lease components for its operating leases. The right-of-use lease asset and operating lease liability are recorded in premises and equipment and other liabilities on the consolidated balance sheet. Balance sheet, income statement and cash flow detail regarding operating leases follows:
(dollars in thousands) |  | June 30, 2022 |  |  | December 31, 2021 |
Balance Sheet |  |  |  |  |  |  |  |
Operating lease right-of-use asset |  | $ | 16,711 |  |  | $ | 14,958 |
Operating lease liability |  |  | 18,113 |  |  |  | 16,408 |
Weighted average remaining lease term (years) |  |  | 8.5 |  |  |  | 9.4 |
Weighted average discount rate |  |  | 2.90 | % |  |  | 3.02 | %
Maturities of lease liabilities: |  |  |  |  |  |  |  |
One year or less |  | $ | 1,675 |  |  | $ | 2,634 |
Year two |  |  | 3,358 |  |  |  | 2,673 |
Year three |  |  | 3,057 |  |  |  | 2,408 |
Year four |  |  | 2,318 |  |  |  | 1,924 |
Year five |  |  | 1,842 |  |  |  | 1,608 |
Greater than five years |  |  | 8,330 |  |  |  | 7,699 |
Total lease payments |  | $ | 20,580 |  |  | $ | 18,946 |
Less imputed interest |  |  | 2,467 |  |  |  | 2,538 |
Total |  | $ | 18,113 |  |  | $ | 16,408 |
|  | Three months ended |  |  | Three months ended |
(in thousands) |  | June 30, 2022 |  |  | June 30, 2021 |
Income Statement |  |  |  |  |  |  |  |
Components of lease expense: |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 792 |  |  | $ | 520 |
Variable lease cost |  |  | 58 |  |  |  | 62 |
Less sublease income |  |  | 24 |  |  |  | 13 |
Total lease cost |  | $ | 826 |  |  | $ | 569 |
|  | Six months ended |  |  | Six months ended |
(in thousands) |  | June 30, 2022 |  |  | June 30, 2021 |
Income Statement |  |  |  |  |  |  |  |
Components of lease expense: |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 1,448 |  |  | $ | 1,007 |
Variable lease cost |  |  | 115 |  |  |  | 113 |
Less sublease income |  |  | 48 |  |  |  | 27 |
Total lease cost |  | $ | 1,515 |  |  | $ | 1,093 |
|  | Six months ended |  |  | Six months ended |
(in thousands) |  | June 30, 2022 |  |  | June 30, 2021 |
Cash flow Statement |  |  |  |  |  |  |  |
Supplemental cash flow information: |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 1,800 |  |  | $ | 1,190 |
As of June 30, 2022, Bancorp had not entered into any lease agreements that had yet to commence.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration