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Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Summary of Lease, Cost

The table below summarized the Company’s total lease cost for the periods indicated:

 

(Dollars in thousands)

 

Year Ended

December 31, 2020

 

 

Year Ended

December 31, 2019

 

Operating lease cost

 

$

1,769

 

 

$

1,731

 

Variable lease cost

 

 

774

 

 

 

728

 

Total lease cost

 

$

2,543

 

 

$

2,459

 

Summary of Other Information Related to Operating Leases

The table below summarizes other information related to the Company’s operating leases as of the associated period:

 

(Dollars in thousands)

 

Year Ended

December 31, 2020

 

 

Year Ended

December 31, 2019

 

Operating right-of-use assets

 

$

6,786

 

 

$

8,254

 

Operating lease liabilities

 

 

8,429

 

 

 

10,126

 

 

 

 

 

 

 

 

 

 

Weighted average remaining lease term - operating leases

 

5.0 years

 

 

5.7 years

 

Weighted average discount rate - operating leases

 

 

2.99

%

 

 

2.98

%

 

(Dollars in thousands)

 

Year Ended

December 31, 2020

 

 

Year Ended

December 31, 2019

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

2,005

 

 

$

1,902

 

 

Summary of Remaining Contractually Obligated Lease Payments and Reconciliation to Lease liability

The table below summarizes the remaining contractually obligated lease payments and a reconciliation to the lease liability reported on the consolidated balance sheet as of December 31, 2020:

 

(Dollars in thousands)

 

December 31, 2020

 

2021

 

$

2,047

 

2022

 

 

2,033

 

2023

 

 

1,811

 

2024

 

 

1,700

 

2025

 

 

676

 

Thereafter

 

 

956

 

Total lease payments

 

 

9,223

 

Discount to present value

 

 

(794

)

Total lease liability

 

$

8,429