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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Assets And Liabilities, Lessee

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

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2022

 

 

December 31, 2021

 

Lease liabilities

 

 

 

 

 

 

 

 

 

$

5,135

 

 

$

5,289

 

Right-of-use assets

 

 

 

 

 

 

 

 

 

$

4,954

 

 

$

5,139

 

Weighted average remaining lease term

 

 

 

 

 

 

 

 

 

15 years

 

 

15 years

 

Weighted average discount rate

 

 

 

 

 

 

 

 

 

 

3.01

%

 

 

2.99

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

Lease Cost

 

June 30, 2022

 

 

June 30, 2021

 

 

June 30, 2022

 

 

June 30, 2021

 

Operating lease cost

 

$

132

 

 

$

86

 

 

$

264

 

 

$

151

 

Short-term lease cost

 

 

4

 

 

 

4

 

 

 

8

 

 

 

8

 

Total lease cost

 

$

136

 

 

$

90

 

 

$

272

 

 

$

159

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

116

 

 

$

71

 

 

$

232

 

 

$

126

 

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

 

June 30, 2022

 

Twelve months ending June 30, 2023

 

$

469

 

Twelve months ending June 30, 2024

 

 

476

 

Twelve months ending June 30, 2025

 

 

489

 

Twelve months ending June 30, 2026

 

 

458

 

Twelve months ending June 30, 2027

 

 

390

 

Thereafter

 

 

4,345

 

Total undiscounted cash flows

 

$

6,627

 

Discount

 

 

(1,492

)

Lease liabilities

 

$

5,135