Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Schedule of Components of Lease Expense and Other lease Information

The Company’s operating lease obligations are for branch office facilities. The components of lease expense and other lease information as of and during the three and six-month periods ended June 30, 2022 and 2021 were as follows:

	For the Three Months						For the Six Months
	Ended June 30,						Ended June 30,
(in thousands)	2022			2021			2022			2021
Operating lease cost	$	1,256		$	1,328		$	2,414		$	2,679
Variable lease cost		349			357			695			741
Sublease income		(139	)		(123	)		(277	)		(246	)
Total lease cost	$	1,466		$	1,562		$	2,832		$	3,174
Cash paid for amounts included in measurement of lease liabilities
Operating cash outflows from operating leases	$	1,278		$	1,477		$	2,600		$	2,965
ROU assets obtained in exchange for new operating lease liabilities	$	2,431		$	206		$	2,431		$	265
Reduction to ROU assets resulting from reduction to lease liabilities	$	—		$	1,191		$	—		$	1,250
Other non-cash reductions to ROU assets	$	—		$	—		$	73		$	—

(in thousands)	June 30, 2022			December 31, 2021
Operating lease ROU assets	$	14,881		$	14,765
Operating lease liabilities	$	16,902		$	16,905
Weighted-average remaining lease term - operating leases	4.40		years	4.52		years
Weighted-average discount rate - operating leases		2.08	%		2.02	%

Schedule of Future Minimum Lease Payments under Non-cancellable Leases

Future minimum lease payments under non-cancellable leases as of June 30, 2022 were as follows:

(in thousands)	June 30, 2022
2022	$	2,778
2023		5,529
2024		3,552
2025		2,138
2026		1,285
2027		826
Thereafter		1,589
Total future minimum lease payments	$	17,697
Less imputed interest		(795	)
Total operating lease liability	$	16,902