XML 36 R25.htm IDEA: XBRL DOCUMENT
v3.21.2

Leases | 9 Months Ended
--- | ---
Sep. 30, 2021
Leases |
Leases | Note 16: Leases ​ The Company has operating leases consisting primarily of equipment leases and real estate leases for banking centers, ATM locations, and office space. The following table summarizes lease-related information and balances the Company reported in its unaudited Consolidated Balance Sheets for the periods presented (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | As of | ​
​ | September 30, | ​ | December 31, | ​
​ | 2021 |  | 2020 |
Lease balances | ​ | ​ | ​ | ​ | ​ | ​
Right of use assets | $ | 11,068 | ​ | $ | 7,714 | ​
Lease liabilities | ​ | 11,120 | ​ | ​ | 7,757 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Supplemental information | ​ | ​ | ​ | ​ | ​ | ​
Year through which lease terms extend | ​ | 2031 | ​ | ​ | 2032 | ​
Weighted average remaining lease term (in years) | ​ | 6.60 | ​ | ​ | 5.93 | ​
Weighted average discount rate | ​ | 2.15 | % | ​ | 2.82 | %
​ The following tables represents lease costs and cash flows related to leases for the periods presented (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, | ​ | Nine Months Ended September 30, | ​
​ |  | 2021 |  | 2020 |  | 2021 |  | 2020 | ​
Lease costs | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease costs | ​ | $ | 656 | ​ | $ | 622 | ​ | $ | 1,828 | ​ | $ | 1,877 | ​
Variable lease costs | ​ | ​ | 94 | ​ | ​ | 99 | ​ | ​ | 394 | ​ | ​ | 401 | ​
Short-term lease costs | ​ | ​ | 9 | ​ | ​ | 15 | ​ | ​ | 43 | ​ | ​ | 45 | ​
Total lease cost | ​ | $ | 759 | ​ | $ | 736 | ​ | $ | 2,265 | ​ | $ | 2,323 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows related to leases | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash paid for amounts included in the measurement of lease liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease cash flows – Fixed payments | ​ | $ | 620 | ​ | $ | 616 | ​ | $ | 1,756 | ​ | $ | 1,839 | ​
Operating lease cash flows – Liability reduction | ​ | ​ | 569 | ​ | ​ | 546 | ​ | ​ | 1,610 | ​ | ​ | 1,610 | ​
Right of use assets obtained during the period in exchange for operating lease liabilities (1) | ​ | ​ | 3,408 | ​ | ​ | — | ​ | ​ | 5,018 | ​ | ​ | 128 | ​
| (1) | The nine months ended September 30, 2021, includes $371 related to a lease obtained in the acquisition of CAC.
​ As of September 30, 2021, 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 $0.8 million and $2.3 million for the three and nine months ended September 30, 2021, respectively, compared to $0.7 million and $2.3 million for the three and nine months ended September 30, 2020, respectively. ​ Rent commitments were as follows (dollars in thousands): ​
​ | ​ | ​ | ​
​ | ​ | As of
​ | ​ | September 30,
​ |  | 2021
Rent commitments | ​ | ​ | ​
Remainder of 2021 | ​ | $ | 621
2022 | ​ |  | 2,288
2023 | ​ | ​ | 2,071
2024 | ​ | ​ | 1,645
2025 | ​ | ​ | 1,416
Thereafter | ​ | ​ | 3,921
Amounts representing interest | ​ | ​ | (842)
Present value of net future minimum lease payments | ​ | $ | 11,120
​

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
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 http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration