The Company has operating leases, which primarily consist of office space in buildings, ATM locations, storage facilities, parking lots, equipment and land on which it owns certain buildings.

The following table presents rent expense for all operating leases, including those rented on a monthly or temporary basis as of the periods indicated:


	Three Months Ended March 31,
	2022		2021
	(Dollars in thousands)
Rental expense	$	425	$	503

As of March 31, 2022, the right of use lease asset included in accrued interest receivable and other assets on the balance sheet totaled $5.0 million, and a related lease liability included in accrued interest payable and other liabilities on the balance sheet totaled $4.9 million. As of March 31, 2022, the Company's operating leases have a weighted-average remaining lease term of 3.5 years and a weighted-average discount rate of 2.5 percent.

The following table presents minimum future commitments by year for the Company’s operating leases. Such commitments are reflected as undiscounted values and are reconciled to the discounted present value recognized on the balance sheet.


	March 31, 2022
	(Dollars in thousands)
2022 (nine months)	$	1,085
2023		1,106
2024		742
2025		687
2026		597
Thereafter		1,402
Total lease payments		5,619
Less imputed Interest		(731	)
Operating lease liability	$	4,888

The Company is a lessor of operating leases, which primarily consist of office space in buildings and parking lots. These assets are classified on the balance sheet as premises and equipment. The Company had operating lease revenue of $1.3 million and $1.4 million for the three months ended March 31, 2022 and 2021, respectively. Lease revenue is included in occupancy, net on the consolidated statement of comprehensive income.

The Company does not have operating leases that extend beyond 2031. The following table presents the scheduled minimum future contractual rent to be received under the remaining non-cancelable term of the operating leases:


	March 31, 2022
	(Dollars in thousands)
2022 (nine months)	$	2,741
2023		2,956
2024		2,886
2025		2,197
2026		1,847
2027-2031		3,559
Total future minimum lease payments	$	16,186