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Leases | 3 Months Ended
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Mar. 31, 2021
Leases [Abstract] |
Leases | Note 5 – Leases Lease liabilities represent the Company’s obligation to make lease payments and are presented at each reporting date as the net present value of the remaining contractual cash flows. Cash flows are discounted at the Company’s incremental borrowing rate in effect at the commencement date of the lease. Right-of-use assets represent the Company’s right to use the underlying asset for the lease term and are calculated as the sum of the lease liability and if applicable, prepaid rent, initial direct costs and any incentives received from the lessor. ​ The Company’s long-term lease agreements are classified as operating leases. Certain leases offer the option to extend the lease term and the Company has included such extensions in its calculation of the lease liabilities to the extent the options are reasonably certain of being exercised. The lease agreements do not provide for residual value guarantees and have no restrictions or covenants that would impact dividends or require incurring additional financial obligations. ​ The following tables present information about the Company’s leases: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollars in thousands) | ​ | March 31, 2021 |  | ​ | December 31, 2020 |
Lease liabilities | ​ | $ | 7,329 | ​ | ​ | $ | 4,874 | ​
Right-of-use assets | ​ | $ | 7,229 | ​ | ​ | $ | 4,795 | ​
Weighted average remaining lease term | ​ |  | 15.47 | years | ​ |  | 10.49 | years
Weighted average discount rate | ​ |  | 2.77 | % | ​ |  | 2.89 | %
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Three Months Ended | ​ | ​ | For the Three Months Ended
Lease cost (in thousands) | ​ | March 31, 2021 | ​ | ​ | March 31, 2020
Operating lease cost | ​ | $ | 188 | ​ | ​ | $ | 180
Short-term lease cost | ​ |  | — | ​ | ​ |  | —
Total lease cost | ​ | $ | 188 | ​ | ​ | $ | 180
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash paid for amounts included in the measurement of lease liabilities | ​ | $ | 167 | ​ | ​ | $ | 164
​ A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities is as follows: ​
​ | ​ | ​ | ​
​ | ​ | As of
Lease payments due (in thousands) | ​ | March 31, 2021
Nine months ending December 31, 2021 | ​ | $ | 524
Twelve months ending December 31, 2022 | ​ | ​ | 524
Twelve months ending December 31, 2023 | ​ |  | 760
Twelve months ending December 31, 2024 | ​ |  | 729
Twelve months ending December 31, 2025 | ​ | ​ | 697
Twelve months ending December 31, 2026 | ​ | ​ | 561
Thereafter | ​ | ​ | 5,839
Total undiscounted cash flows | ​ | $ | 9,634
Discount | ​ | ​ | 2,305
Lease liabilities | ​ | $ | 7,329
​

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- 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
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