Leases

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Leases

The Bank and ALC are involved in a number of operating leases, primarily for branch locations. Branch leases have remaining lease terms ranging from less than one year to 13 years, some of which include options to extend the leases for up to five years, and some of which include an option to terminate the lease within one year. The Bank leases certain office facilities to third parties and classifies these leases as operating leases.

The following table provides a summary of the components of lease income and expense, as well as the reporting location in the Consolidated Statements of Operations for the years ended December 31, 2020 and 2019:

	Location in the Condensed	Year Ended
	Consolidated Statements of Operations	December 31, 2020		December 31, 2019
		(Dollars in Thousands)
Operating lease expense (1)	Net occupancy and equipment	$	841	$	839
Operating lease income (2)	Lease income	$	842	$	845

⁽¹⁾ Includes short-term lease costs. For the years ended December 31, 2020 and 2019, short-term lease costs were nominal in amount.

⁽²⁾ Operating lease income includes rental income from owned properties.

The following table provides supplemental lease information for operating leases on the Consolidated Balance Sheet as of December 31, 2020:

	Location in the Condensed
	Consolidated Balance Sheet	December 31, 2020
		(Dollars in Thousands)
Operating lease right-of-use assets	Other assets	$	3,070
Operating lease liabilities	Other liabilities	$	3,125
Weighted-average remaining lease term (in years)			5.79
Weighted-average discount rate			3.06	%

The following table provides supplemental lease information for the Consolidated Statements of Cash Flows for the years ended December 31, 2020 and 2019:

	Year Ended
	December 31, 2020		December 31, 2019
	(Dollars in Thousands)
Cash paid for amounts included in the measurement of    lease liabilities:
Operating cash flows from operating leases	$	733	$	764

The following table is a schedule of remaining future minimum lease payments for operating leases that had an initial or remaining non-cancellable lease term in excess of one year as of December 31, 2020:

	Minimum Rental Payments
	(Dollars in Thousands)
2021	$	680
2022		607
2023		472
2024		438
2025		339
2026 and thereafter		937
Total future minimum lease payments	$	3,473
Less: Imputed interest		348
Total	$	3,125