Leases (Tables)

12 Months Ended

Dec. 31, 2021

The components of lease expense for the year ended December 31, 2021 were as follows:

(in thousands)	Year Ended December 31, 2021		Year Ended December 31, 2020
Finance lease cost:
Amortization of right-of-use assets – finance leases	$	52	$	50
Interest on lease liabilities – finance leases		55		53
Total finance lease cost		107		103

Short-term lease cost		181		294
Operating lease cost		1,760		1,769

Sublease income		253		253

Total lease cost	$	1,795	$	1,913

Supplemental cash flow information related to CTBI’s operating and finance leases for the year ended December 31, 2021 was as follows:

(in thousands)	Year Ended December 31, 2021			Year Ended December 31, 2020
Finance lease – operating cash flows	$	53		$	53
Finance lease – financing cash flows	$	19		$	15
Operating lease – operating cash flows (fixed payments)	$	1,693		$	1,682
Operating lease – operating cash flows (liability reduction)	$	948		$	1,198
New right-of-use assets – operating leases	$	0		$	0
Weighted average lease term – financing leases	24.02 years			25.02 years
Weighted average lease term – operating leases	13.39 years			13.46 years
Weighted average discount rate – financing leases		3.70	%		3.70	%
Weighted average discount rate – operating leases		3.11	%		3.43	%

Maturities of lease liabilities as of December 31, 2021 are as follows:

Maturities of lease liabilities as of December 31, 2020 are as follows: