Leases (Tables)

12 Months Ended

Dec. 31, 2021

Classification of Company's ROU assets and Lease Liabilities

The following table represents the consolidated statements of condition classification of the Company’s ROU assets and lease liabilities. The Company elected not to include short-term leases (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the consolidated statements of condition.

Lease Right-of-Use Assets	Classification on Consolidated Statement of Condition	December 31, 2021		December 31, 2020
Operating lease right-of-use assets	Other Assets	$	3,337	$	1,636

Lease Liabilities	Classification on Consolidated Statement of Condition	December 31, 2021		December 31, 2020
Operating lease liabilities	Accrued interest payable and other liabilities	$	3,424	$	1,720

Weighted Average Remaining Lease Term and Discount Rate for Operating Leases

	December 31, 2021			December 31, 2020
Weighted-average remaining lease term for operating leases	10.62 Years			6.47 Years
Weighted-average discount rate for operating leases		6.00	%		6.00	%

Summary of Future Minimum Payments for Operating Leases

Future minimum payments for operating leases with initial or remaining terms of one year or more as of December 31, 2021 were as follows:

	Operating Leases
January 1, 2022 - December 31 2022	$	591
January 1, 2023 - December 31 2023		611
January 1, 2024 - December 31 2024		559
January 1, 2025 - December 31 2025		506
January 1, 2026 - December 31 2026		455
Afterward		2,154
Total future minimum lease payments		4,876
Amounts representing Interest		(1,452	)
Present value of net future minimum lease payments	$	3,424