XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.22.0.1

LEASES | 12 Months Ended
--- | ---
Dec. 31, 2021
Leases [Abstract] |
LEASES | Note 13—LEASES The Company has operating leases on three of its facilities. The leases have maturities ranging from September 2024 to December 2028 some of which include extensions of multiple five-year terms. The right-of-use asset and lease liability were $2.8 and $3.0 million, respectively, at December 31, 2021. During the twelve-month period ended December 31, 2021, the Company made cash payments in the amount of $297.6 thousand for operating leases and the lease liability was reduced by $164.6 thousand. The lease expense recognized during the twelve-month period ended December 31, 2021, amounted to $323.0 thousand . The weighted average remaining lease term as of December 31, 2021, is 15.08 years and the weighted average discount rate used is 4.42%. The following table shows future undiscounted lease payments for operating leases with initial terms of one year or more as of December 31, 2021 are as follow:
(Dollars in thousands) |  |  |
2022 |  | $ | 303 |
2023 |  |  | 309 |
2024 |  |  | 282 |
2025 |  |  | 222 |
2026 |  |  | 226 |
Thereafter |  |  | 2,751 |
Total undiscounted lease payments |  | $ | 4,093 |
Less effect of discounting |  |  | (1,143 | )
Present value of estimated lease payments (lease liability) |  |  | 2,950 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
Name: | us-gaap_LeasesOfLesseeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration