Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases

Summary of lease costs and maturity analysis for liabilities

Lease Costs
		Year Ended
(in thousands)		December 31, 2020		December 31, 2019
Operating lease cost	$	419	$	419
	$	419	$	419
Other information
Cash paid for amounts included in the measurement of lease liabilities		421		412
Weighted average remaining lease terms in years - operating leases		3.75		4.75
Weighted average discount rate - operating leases		3.86%		3.86%
Maturity analysis for liabilities	Total
	Undiscounted
(in thousands)	Cash Flows
Discount rate at commencement		3.86%
2021	$	429
2022		438
2023		447
2024		340
	$	1,654
Present value lease liability	$	1,536
Difference between undiscounted cash flows and discounted cash flows	$	118

Summary of income relating to lease payments and undiscounted cash flows

Income relating to lease payments:
	Year Ended
(in thousands)	December 31, 2020		December 31, 2019
Income from leases (1)	$	242,209	$	256,250
	$	242,209	$	256,250
Undiscounted Cash Flows	Year ending
(in thousands)	December 31,
2021		162,676
2022		146,031
2023		138,363
2024		127,269
2025		107,596
2026 and thereafter		361,423
	$	1,043,358
(1) Amounts recognized from variable lease payments were variable lease payments $61,310 and $64,421 for the years ended December 31, 2020 and 2019, respectively.