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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Summary of Components of Operating Lease Cost and Other Related Information

The components of operating lease cost and other related information are as follows:

 

 

Three Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

 

(dollars in thousands)

 

 Operating lease cost

 

$

1,743

 

 

$

1,731

 

 Variable lease cost (cost excluded from lease payments)

 

 

1

 

 

 

3

 

 Sublease income

 

 

(17

)

 

 

(17

)

 Total operating lease cost

 

$

1,727

 

 

$

1,717

 

Other Information

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities -
   operating cash flows for operating leases

 

$

1,805

 

 

$

1,780

 

 Operating Lease - operating cash flows (liability reduction)

 

 

1,586

 

 

 

1,527

 

 Weighted average lease term - operating leases

 

5.80 Years

 

 

6.56 Years

 

 Weighted average discount rate - operating leases

 

 

2.97

%

 

 

2.93

%

 

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

 

(dollars in thousands)

 

 Operating lease cost

 

$

3,486

 

 

$

3,499

 

 Variable lease cost (cost excluded from lease payments)

 

 

2

 

 

 

6

 

 Sublease income

 

 

(33

)

 

 

(33

)

 Total operating lease cost

 

$

3,455

 

 

$

3,472

 

Other Information

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities -
   operating cash flows for operating leases

 

$

3,638

 

 

$

3,634

 

 Operating Lease - operating cash flows (liability reduction)

 

 

3,191

 

 

 

3,125

 

 Weighted average lease term - operating leases

 

5.80 Years

 

 

6.56 Years

 

 Weighted average discount rate - operating leases

 

 

2.97

%

 

 

2.93

%

 

Schedule of Total Minimum Lease Payments Due in Future Periods for Lease Agreements

The total minimum lease payments due in future periods for lease agreements in effect at June 30, 2022 were as follows:

 

 

 

Future Minimum

 

June 30, 2022

 

Lease Payments

 

 

 

(dollars in thousands)

 

Remainder of 2022

 

$

7,059

 

2023

 

 

6,654

 

2024

 

 

5,386

 

2025

 

 

4,750

 

2026

 

 

2,703

 

Thereafter

 

 

6,896

 

Total minimum lease payments

 

$

33,448

 

Less: interest

 

 

(2,789

)

Total lease liability

 

$

30,659