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Leases | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Leases | The Bank and ALC are involved in a number of operating leases, primarily for branch locations. Branch leases have remaining lease terms ranging from less than one year to 13 years, some of which include options to extend the leases for up to five years, and some of which include an option to terminate the lease within one year. The Bank leases certain office facilities to third parties and classifies these leases as operating leases. The following table provides a summary of the components of lease income and expense, as well as the reporting location in the Consolidated Statements of Operations for the years ended December 31, 2020 and 2019:
|  | Location in the Condensed |  | Year Ended |
|  | Consolidated Statements of Operations |  | December 31, 2020 |  |  | December 31, 2019 |
|  |  |  | (Dollars in Thousands) |
Operating lease expense (1) |  | Net occupancy and equipment |  | $ | 841 |  |  | $ | 839 |
Operating lease income (2) |  | Lease income |  | $ | 842 |  |  | $ | 845 |
| (1) | Includes short-term lease costs. For the years ended December 31, 2020 and 2019, short-term lease costs were nominal in amount.
| (2) | Operating lease income includes rental income from owned properties.
The following table provides supplemental lease information for operating leases on the Consolidated Balance Sheet as of December 31, 2020:
|  | Location in the Condensed |  |  |  |
|  | Consolidated Balance Sheet |  | December 31, 2020 |
|  |  |  | (Dollars in Thousands) |
Operating lease right-of-use assets |  | Other assets |  | $ | 3,070 |
Operating lease liabilities |  | Other liabilities |  | $ | 3,125 |
Weighted-average remaining lease term (in years) |  |  |  |  | 5.79 |
Weighted-average discount rate |  |  |  |  | 3.06 | %
The following table provides supplemental lease information for the Consolidated Statements of Cash Flows for the years ended December 31, 2020 and 2019:
|  | Year Ended |
|  | December 31, 2020 |  |  | December 31, 2019 |
|  | (Dollars in Thousands) |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 733 |  |  | $ | 764 |
The following table is a schedule of remaining future minimum lease payments for operating leases that had an initial or remaining non-cancellable lease term in excess of one year as of December 31, 2020:
|  | Minimum Rental Payments |
|  | (Dollars in Thousands) |
2021 |  | $ | 680 |
2022 |  |  | 607 |
2023 |  |  | 472 |
2024 |  |  | 438 |
2025 |  |  | 339 |
2026 and thereafter |  |  | 937 |
Total future minimum lease payments |  | $ | 3,473 |
Less: Imputed interest |  |  | 348 |
Total |  | $ | 3,125 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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