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Leases (Tables) | 3 Months Ended
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Mar. 31, 2021
Leases [Abstract] |
Summary of Operating and Finance Lease Right-of-Use Assets and Related Lease Liabilities | Below is a summary of the operating and finance lease right-of-use assets and related lease liabilities, as well as the weighted average lease term (in years) and weighted average discount rate for each of the lease classifications as of March 31, 2021 and December 31, 2020.
(Dollars in thousands) |  | March 31, 2021 |  |  | December 31, 2020 |
|  | Operating Leases |  |  | Finance Lease |  |  | Operating Leases |  |  | Finance Lease |
Right of use asset |  | $ | 10,791 |  |  | $ | 3,222 |  |  | $ | 10,157 |  |  | $ | 3,267 |
Lease liability |  | $ | 11,828 |  |  | $ | 3,446 |  |  | $ | 11,200 |  |  | $ | 3,467 |
Weighted average remaining lease term (in years) |  |  | 7.81 |  |  |  | 17.92 |  |  |  | 8.05 |  |  |  | 18.17 |
Weighted average discount rate |  |  | 3.15 | % |  |  | 3.81 | % |  |  | 3.30 | % |  |  | 3.81 | %
Summary of Lease Costs | A summary of lease costs during the three months ended March 31, 2021 and 2020 are presented below. Interest expense on finance lease liabilities is included in other interest expense, while all other lease costs are included in occupancy expense on Mid Penn’s Consolidated Statements of Income.
(Dollars in thousands) |  | Three Months Ended March 31, |
|  | 2021 |  |  | 2020 |
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use asset |  | $ | 45 |  |  | $ | 45 |
Interest expense on lease liability |  |  | 33 |  |  |  | 34 |
Total finance lease cost |  |  | 78 |  |  |  | 79 |
Operating lease cost |  |  | 516 |  |  |  | 528 |
Short-term and equipment lease cost |  |  | 10 |  |  |  | 9 |
Variable lease cost |  |  | — |  |  |  | — |
Sublease income |  |  | (9 | ) |  |  | (6 | )
Total lease costs |  | $ | 595 |  |  | $ | 610 |
Summary of Cash Paid for Amounts Included in Measurement of Lease Liabilities | A summary of cash paid for amounts included in the measurement of lease liabilities is presented below.
(Dollars in thousands) |  | Three Months Ended |
|  | March 31, 2021 |  |  | March 31, 2020 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows from finance leases |  | $ | 33 |  |  | $ | 34 |
Operating cash flows from operating leases |  |  | 522 |  |  |  | 544 |
Financing cash flows from finance leases |  |  | 21 |  |  |  | 21 |
Summary of Maturity Analysis of Operating and Finance Lease Liabilities and Reconciliation of Undiscounted Cash Flows | A maturity analysis of operating and finance lease liabilities and a reconciliation of the undiscounted cash flows to the total operating and finance lease liability amounts is presented below.
(Dollars in thousands) |  | March 31, 2021 |
|  | Operating Leases |  |  | Finance Lease |
Lease payments due: |  |  |  |  |  |  |  |
Within one year |  | $ | 1,557 |  |  | $ | 163 |
After one but within two years |  |  | 2,061 |  |  |  | 217 |
After two but within three years |  |  | 1,815 |  |  |  | 217 |
After three but within four years |  |  | 1,760 |  |  |  | 252 |
After four but within five years |  |  | 1,373 |  |  |  | 259 |
After five years |  |  | 4,810 |  |  |  | 3,733 |
Total undiscounted cash flows |  |  | 13,376 |  |  |  | 4,841 |
Discount on cash flows |  |  | (1,548 | ) |  |  | (1,395 | )
Total lease liability |  | $ | 11,828 |  |  | $ | 3,446 |

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- Definition Operating and finance lease. + References No definition available. + Details
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- Definition Summary of maturity analysis of operating and finance lease liabilities and reconciliation of undiscounted cash flows. + References No definition available. + Details
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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=121609121&loc=SL77918686-209980 + Details
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