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Leases (Tables) | 6 Months Ended
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Jun. 30, 2022
Leases |
Summary of lease-related balances | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | As of | ​
​ | June 30, | ​ | December 31, | ​
​ | 2022 |  | 2021 |
Lease balances | ​ | ​ | ​ | ​ | ​ | ​
Right of use assets | $ | 8,615 | ​ | $ | 10,533 | ​
Lease liabilities | ​ | 8,655 | ​ | ​ | 10,591 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Supplemental information | ​ | ​ | ​ | ​ | ​ | ​
Year through which lease terms extend | ​ | 2031 | ​ | ​ | 2031 | ​
Weighted average remaining lease term (in years) | ​ | 6.25 | ​ | ​ | 6.47 | ​
Weighted average discount rate | ​ | 2.04 | % | ​ | 2.16 | %
Schedule of lease costs and other lease information | The following table represents lease costs and cash flows related to leases for the periods presented (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ |  | 2022 |  | 2021 |  | 2022 |  | 2021
Lease costs | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease costs | ​ | $ | 582 | ​ | $ | 608 | ​ | $ | 1,199 | ​ | $ | 1,172
Variable lease costs | ​ | ​ | 94 | ​ | ​ | 126 | ​ | ​ | 222 | ​ | ​ | 300
Short-term lease costs | ​ | ​ | 6 | ​ | ​ | 16 | ​ | ​ | 10 | ​ | ​ | 34
Total lease cost (1) | ​ | $ | 682 | ​ | $ | 750 | ​ | $ | 1,431 | ​ | $ | 1,506
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows related to leases | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash paid for amounts included in the measurement of lease liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease cash flows – Fixed payments | ​ | $ | 738 | ​ | $ | 590 | ​ | $ | 1,369 | ​ | $ | 1,136
Operating lease cash flows – Liability reduction | ​ | ​ | 692 | ​ | ​ | 546 | ​ | ​ | 1,277 | ​ | ​ | 1,041
Right of use assets obtained during the period in exchange for operating lease liabilities | ​ | ​ | — | ​ | ​ | 1,462 | ​ | ​ | 55 | ​ | ​ | 1,610
| (1) | Lease costs are included in net occupancy and equipment expense in the unaudited Consolidated Statements of Income.
Schedule of future undiscounted lease payments | ​ The Company was obligated under noncancelable operating leases for office space and other commitments, as follows (dollars in thousands): ​
​ | ​ | ​ | ​
​ | ​ | As of
​ |  | June 30, 2022
Rent commitments | ​ | ​ | ​
Remainder of 2022 | ​ | $ | 1,066
2023 | ​ |  | 1,833
2024 | ​ | ​ | 1,500
2025 | ​ | ​ | 1,265
2026 | ​ | ​ | 995
2027 | ​ | ​ | 701
Thereafter | ​ | ​ | 1,853
Total undiscounted cash flows | ​ | ​ | 9,213
Less: Amounts representing interest | ​ | ​ | 558
Present value of net future minimum lease payments | ​ | $ | 8,655
​
Summary of revenue recorded in connection with leases | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ |  | 2022 |  | 2021 |  | 2022 |  | 2021
Rental income | ​ | $ | 143 | ​ | $ | 87 | ​ | $ | 373 | ​ | $ | 131

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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