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Leases | 12 Months Ended
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Dec. 31, 2020
Leases |
Leases | Note 22. Leases ​ The Company has operating leases consisting primarily of equipment leases and real estate leases. The Company leases real estate property for banking centers, ATM locations, and office space with terms extending through 2032. As of December 31, 2020, the Company reported $7.7 million of right of use assets and $7.8 million lease liabilities in its Consolidated Balance Sheets, compared with $9.5 million and $9.6 million, respectively, at December 31, 2019. ​ The following tables represents lease costs and other lease information for the periods presented (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years Ended December 31,
Lease Costs | ​ | 2020 |  | 2019 | ​
Operating lease costs | ​ | $ | 2,524 | ​ | $ | 2,364 | ​
Variable lease costs | ​ |  | 416 | ​ |  | 432 | ​
Short-term lease costs | ​ | ​ | 35 | ​ | ​ | 84 | ​
Sublease income | ​ | ​ | — | ​ | ​ | — | ​
Net lease cost | ​ | $ | 2,975 | ​ | $ | 2,880 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other information | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash paid for amounts included in the measurement of lease liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease cash flows – Fixed payments | ​ | $ | 2,526 | ​ | $ | 2,296 | ​
Operating lease cash flows – Liability reduction | ​ | ​ | 2,289 | ​ |  | 2,010 | ​
Right of use assets obtained during the period in exchange for operating lease liabilities | ​ | ​ | 743 | ​ | ​ | 923 | ​
Weighted average lease term (in years) | ​ | ​ | 5.93 | ​ | ​ | 7.20 | ​
Weighted average discount rate | ​ | ​ | 2.82 | % | ​ | 3.08 | %
​ At December 31, 2020, the Company was obligated under noncancelable operating leases for office space and other commitments. Rent expense under operating leases, included in net occupancy and equipment expense, was $3.0 million, $2.9 million, and $2.4 million for the years ended December 31, 2020, 2019, and 2018, respectively. ​ Future undiscounted lease payments with initial terms of one year or more as of December 31, 2020, are as follows (dollars in thousands): ​
​ | ​ | ​ | ​
​ | ​ | As of
​ | ​ | December 31,
​ |  | 2020
2021 | ​ | $ | 1,983
2022 | ​ |  | 1,555
2023 | ​ | ​ | 1,358
2024 | ​ | ​ | 957
2025 | ​ | ​ | 840
Thereafter | ​ | ​ | 1,792
Amounts representing interest | ​ | ​ | (728)
Present value of net future minimum lease payments | ​ | $ | 7,757
​

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- 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 http://asc.fasb.org/subtopic&trid=77888251 + Details
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