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Lease (Tables)

3 Months Ended

Mar. 31, 2022

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

(dollars in thousands)
	March 31, 2022			December 31, 2021
Lease liabilities	$	5,212		$	5,289
Right-of-use assets	$	5,047		$	5,139
Weighted average remaining lease term	15 years			15 years
Weighted average discount rate		3.00	%		2.99	%

	Three Months Ended
Lease Cost	March 31, 2022			March 31, 2021
Operating lease cost	$	132		$	65
Short-term lease cost		4			4
Total lease cost	$	136		$	69

Cash paid for amounts included in the measurement of lease liabilities	$	115		$	55

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	March 31, 2022
Twelve months ending March 31, 2023	$	467
Twelve months ending March 31, 2024		475
Twelve months ending March 31, 2025		482
Twelve months ending March 31, 2026		484
Twelve months ending March 31, 2027		393
Thereafter		4,442
Total undiscounted cash flows	$	6,743
Discount		(1,531	)
Lease liabilities	$	5,212