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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Assets And Liabilities, Lessee

The following tables present information about the Company’s leases:

 

(dollars in thousands)

 

December 31, 2021

 

 

December 31, 2020

 

Lease liability

 

$

5,289

 

 

$

4,113

 

Right-of-use asset

 

$

5,139

 

 

$

4,014

 

Weighted average remaining lease term

 

15 years

 

 

17 years

 

Weighted average discount term

 

 

2.99

%

 

 

3.34

%

 

 

 

Twelve Months Ended

 

Lease Cost

 

December 31, 2021

 

 

December 31, 2020

 

Operating lease cost

 

$

376

 

 

$

287

 

Variable lease cost

 

 

 

 

 

 

Short-term lease cost

 

 

19

 

 

 

16

 

Total lease cost

 

$

395

 

 

$

303

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

314

 

 

$

239

 

Lessee, Operating Lease, Liability, Maturity

A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liabilities is as follows:

 

 

 

As of

 

Lease payments due

 

December 31, 2021

 

Twelve months ending December 31, 2022

 

$

455

 

Twelve months ending December 31, 2023

 

 

473

 

Twelve months ending December 31, 2024

 

 

480

 

Twelve months ending December 31, 2025

 

 

504

 

Twelve months ending December 31, 2026

 

 

397

 

Thereafter

 

 

4,540

 

Total undiscounted cash flows

 

$

6,849

 

Discount

 

 

(1,560

)

Lease liability

 

$

5,289