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Leases (Tables)

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Summary of Lease Assets and Liabilities

The following table represents the consolidated balance sheet classification of the Company’s ROU assets and lease liabilities. The Company elected not to include short-term leases (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the consolidated balance sheet (in thousands):


				September 30,			December 31,
		Classification		2021			2020
Assets:
Operating lease right-of-use assets		Other assets		$	6,104		$	4,797
Liabilities:
Operating lease liabilities		Other liabilities		$	6,154		$	4,827

Summary of Lease Costs and Other Information

The following table represents lease costs and other lease information. As the Company elected, for all classes of underlying assets, not to separate lease and non-lease components and instead to account for them as a single lease component, the variable lease cost primarily represents variable payments such as common area maintenance (in thousands).


		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2021			2020			2021			2020
Lease costs:
Operating lease costs		$	270		$	272		$	764		$	779
Variable lease costs			18			29			66			84
Total		$	288		$	301		$	830		$	863
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	257		$	264		$	740		$	759

Schedule of Remaining Minimum Lease Payments

Future minimum payments for operating leases with initial or remaining terms of one year or more as of September 30, 2021, were as follows (in thousands):


		Amounts
September 30, 2022		$	253
September 30, 2023			985
September 30, 2024			744
September 30, 2025			528
September 30, 2026			515
Thereafter			4,059
Total future minimum lease payments			7,084
Amounts representing interest			(930)
Present value of net future minimum lease payments		$	6,154