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Leases (Tables)
6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Summary of Company's Leases

The following tables present information about the Company’s leases as of and for the periods stated.

 

(Dollars in thousands)

 

June 30, 2021

 

Lease liabilities

 

$

7,795

 

Right-of-use asset

 

$

6,348

 

Weighted average remaining lease term (years)

 

6.16

 

Weighted average discount rate

 

 

2.96

%

Summary of Lease Cost

 

 

 

For the three months ended

 

 

For the six months ended

 

(Dollars in thousands)

 

June 30, 2021

 

 

June 30, 2020

 

 

June 30, 2021

 

 

June 30, 2020

 

Operating lease cost

 

$

760

 

 

$

458

 

 

$

1,406

 

 

$

889

 

Total lease cost

 

$

760

 

 

$

458

 

 

$

1,406

 

 

$

889

 

Summary of Operating Lease Liabilities

 

The following table presents a maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities as of the date stated.

 

 

As of

 

(Dollars in thousands)

 

June 30, 2021

 

Six months ending December 31, 2021

 

$

1,370

 

Twelve months ending December 31, 2022

 

 

1,596

 

Twelve months ending December 31, 2023

 

 

1,268

 

Twelve months ending December 31, 2024

 

 

940

 

Twelve months ending December 31, 2025

 

 

786

 

Thereafter

 

 

2,403

 

Total undiscounted cash flows

 

 

8,363

 

Discount

 

 

(568

)

Lease liabilities

 

$

7,795