Leases

6 Months Ended

Jun. 30, 2022

Leases.

Leases

Note 9:   Leases

The Company has operating leases for various locations with terms ranging from two to eleven years. Some operating leases included in the right-of-use asset include options to extend the leases if the likelihood of extension was fairly certain. The Company elected not to separate non-lease components from lease components for its operating leases.

The Company has operating lease right-of-use assets of $9.2 million and operating lease liabilities of $9.9 million as of June 30, 2022.

Balance sheet, income statement and cash flow detail regarding operating leases follows:

		June 30, 2022
Balance Sheet		(In thousands)
Operating lease right-of-of use asset (in other assets)	$	9,189
Operating lease liability (in other liabilities)		9,920
Weighted average remaining lease term (years)		7.2
Weighted average discount rate		2.09%
Maturities of lease liabilities:
2022 remaining	$	864
2023		1,812
2024		1,638
2025		1,246
2026		1,277
Thereafter		3,857
Total future minimum lease payments		10,694
Less: imputed interest		774
Total	$	9,920
		Three Months Ended
		June 30, 2022
Income Statement		(In thousands)
Components of lease expense:
Operating lease cost (in occupancy and equipment expense)	$	425
		Six Months Ended
		June 30, 2022
Income Statement		(In thousands)
Components of lease expense:
Operating lease cost (in occupancy and equipment expense)	$	792
		Six Months Ended
		June 30, 2022
Cash Flow Statement		(In thousands)
Supplemental cash flow information:
Operating cash flows from operating leases	$	597