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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Summary of Company's Leases

The following tables present information about the Company’s leases as of the date and for the periods stated.

 

(Dollars in thousands)

 

June 30, 2022

 

Lease liabilities

 

$

7,537

 

Right-of-use asset

 

$

6,332

 

Weighted average remaining lease term (years)

 

6.42

 

Weighted average discount rate

 

 

1.92

%

 

Summary of Lease Cost

 

 

 

For the three months ended

 

 

For the six months ended

 

(Dollars in thousands)

 

June 30, 2022

 

 

June 30, 2021

 

 

June 30, 2022

 

 

June 30, 2021

 

Operating lease cost

 

$

654

 

 

$

760

 

 

$

1,210

 

 

$

1,406

 

Total lease cost

 

 

654

 

 

 

760

 

 

 

1,210

 

 

 

1,406

 

Cash paid for amounts included in the measurement
     of lease liabilities

 

 

341

 

 

 

416

 

 

 

1,077

 

 

 

1,062

 

Summary of Operating Lease Liabilities

The following table presents a maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities as of the date stated.

(Dollars in thousands)

 

June 30, 2022

 

Six months ending December 31, 2022

 

$

827

 

Twelve months ending December 31, 2023

 

 

1,504

 

Twelve months ending December 31, 2024

 

 

1,180

 

Twelve months ending December 31, 2025

 

 

966

 

Twelve months ending December 31, 2026

 

 

887

 

Thereafter

 

 

2,458

 

Total undiscounted cash flows

 

 

7,822

 

Discount

 

 

(285

)

Lease liabilities

 

$

7,537