Leases

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Leases

NOTE 2 – Leases

For the years ended December 31, 2021 and 2020, cash paid for amounts included in the measurement of operating lease liabilities was $322 and $306, respectively, and lease right-of-use assets obtained in exchange for new operating lease liabilities was $325 and $328, respectively. The weighted-average remaining lease term was four years as of both December 31, 2021 and 2020, and the weighted-average discount rate was 2.1% and 2.6%, respectively.

The following table summarizes the Partnership's operating lease cost, variable lease cost not included in the lease liability and total lease cost for the years ended December 31:

	2021		2020		2019
Lease Costs:
Operating lease cost	$	319	$	304	$	280
Variable lease cost		58		57		55
Total lease cost	$	377	$	360	$	335

The Partnership's future undiscounted cash outflows for operating leases are summarized below as of December 31:

	2021
2022	$	305
2023		251
2024		186
2025		124
2026		67
Thereafter		61
Total lease payments		994
Less: Interest		40
Total present value of lease liabilities	$	954

While the rights and obligations for leases that have not yet commenced are not significant, the Partnership regularly enters into new branch office leases.