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Lease Commitment
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Lessee Operating Leases [Text Block]
NOTE 9: LEASE COMMITMENTS
We lease certain office
 
facilities and equipment under operating leases. Rent expense for all
 
operating leases totaled $
0.2
million for both years ended December 31, 2021 and 2020.
 
On January 1, 2019, we adopted a new accounting standard
which required the recognition of certain operating leases on our balance sheet as lease right of
 
use assets (reported as
component of other assets) and related lease liabilities (reported as a component of accrued
 
expenses and other liabilities).
 
Aggregate lease right of use assets were $
687
 
thousand and $
788
 
thousand at December 31, 2021 and 2020, respectively.
 
Aggregate lease liabilities were $
710
 
thousand and $
811
 
thousand at December 31, 2021 and 2020, respectively.
 
Rent
expense includes amounts related to items that are not included in the determination of lease
 
right of use assets including
expenses related to short-term leases totaling $
0.1
 
million for the year ended December 31, 2021.
Lease payments under operating leases that were applied to our operating lease liability totaled
 
$
120
 
thousand during the
year ended December 31, 2021. The following table reconciles future undiscounted
 
lease payments due under non-
cancelable operating leases (those amounts subject to recognition) to the aggregate operating lease
 
liability as of December
31, 2021.
(Dollars in thousands)
Future lease
payments
2022
$
120
2023
120
2024
120
2025
111
2026
93
Thereafter
207
Total undiscounted operating
 
lease liabilities
$
771
Imputed interest
61
Total operating lease liabilities
 
included in the accompanying consolidated balance sheets
$
710
Weighted-average lease terms
 
in years
6.79
Weighted-average discount rate
3.06
%