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Leases Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Summary of lease cost
The following ROU assets and lease liabilities have been reported within other assets and other liabilities on the consolidated statements of condition as of the dates indicated:
December 31,
20212020
(In thousands)Consolidated Statements of Condition
Line Item
Operating LeasesFinance LeasesTotalOperating LeasesFinance LeasesTotal
ROU assetsOther Assets$12,660 $4,719 $17,379 $13,608 $4,951 $18,559 
Lease liabilitiesOther Liabilities10,981 4,776 15,757 11,845 4,928 16,773 

    In accordance with ASC 842, the components of lease expense for the periods indicated were as follows:
For the Year Ended
December 31,
(In thousands)202120202019
Operating lease cost(1)
$1,474 $1,663 $1,480 
Finance lease cost:
Amortization of ROU assets233 223 110 
Interest on lease liabilities(2)
154 151 68 
Total finance lease cost387 374 178 
Total lease cost(3)
$1,861 $2,037 $1,658 
(1)    Includes immaterial short-term and variable lease costs, but excludes common area maintenance costs.
(2)    Includes immaterial variable lease costs.
(3)    Reported within net occupancy costs on the consolidated statements of income.
Supplemental Cash Flow And Balance Sheet Information
Supplemental cash flow information and non-cash activity related to leases was as follows for the periods indicated:
For the Year Ended
December 31,
(In thousands)202120202019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,355 $1,434 $1,394 
Operating cash flows from finance leases154 151 68 
Financing cash flows from finance leases152 142 106 
ROU assets obtained in exchange for new lease obligations:
Operating leases$106 $2,002 $14,030 
Finance leases— 3,668 1,612 

Supplemental information related to leases was as follows as of the dates indicated:
December 31,
20212020
Weighted average remaining lease term (years):
Operating leases14.8 years15.4 years
Finance leases26.4 years27.0 years
Weighted average discount rate:
Operating leases3.40 %3.40 %
Finance leases3.44 %3.44 %
Schedule of operating lease liability maturity
The following summarizes the remaining scheduled future minimum lease payments for operating and finance leases as of December 31, 2021:
(In thousands)Operating LeasesFinance Leases
2022$1,354 $309 
20231,229 312 
20241,151 314 
2025926 317 
2026857 236 
Thereafter8,517 5,943 
Total minimum lease payments14,034 7,431 
Less: amount representing interest(1)
3,053 2,655 
Present value of net minimum lease payments(2)
$10,981 $4,776 
(1)     Amount necessary to reduce net minimum lease payments to present value calculated at the Company's incremental borrowing rate.
(2)     Reflects the liability reported within other liabilities on the consolidated statements of condition.
Schedule of finance lease liability maturity
The following summarizes the remaining scheduled future minimum lease payments for operating and finance leases as of December 31, 2021:
(In thousands)Operating LeasesFinance Leases
2022$1,354 $309 
20231,229 312 
20241,151 314 
2025926 317 
2026857 236 
Thereafter8,517 5,943 
Total minimum lease payments14,034 7,431 
Less: amount representing interest(1)
3,053 2,655 
Present value of net minimum lease payments(2)
$10,981 $4,776 
(1)     Amount necessary to reduce net minimum lease payments to present value calculated at the Company's incremental borrowing rate.
(2)     Reflects the liability reported within other liabilities on the consolidated statements of condition.