LEASE COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Supplemental Information Regarding Leases

Supplemental information related to leases as of and for the three months ended March 31, 2021 was as follows:

Operating Leases	Classification	March 31, 2021
Assets	(dollars in thousands)
Operating lease right-of-use assets	Other assets	$	12,503
Liabilities
Operating lease liabilities (1)	Other liabilities	$	16,308
Lease term and discount rate
Weighted average remaining lease term		4.5 years
Weighted average discount rate (1)		2.9%
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases		$	997
(1)     As the Company’s leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at adoption date in determining the present value of lease payments.

Operating Lease Liability Schedule of Maturity

The following table provides details related to maturities of lease liabilities:

	Maturity of Lease Liabilities
Years ending December 31,	(dollars in thousands)
2021 (remaining)	$	2,921
2022	$	3,862
2023	3,862
2024	3,862
2025	2,895
Total lease payments	$	17,402
Less imputed interest	1,094
Present value of lease liabilities	$	16,308