LEASE COMMITMENTS & CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of maturities of operating lease liabilities

The table below details the Right of Use asset (net of accumulated amortization), lease liability and other information related to the Company's operating leases:

(dollars in thousands)	March 31, 2022			December 31, 2021
Operating Leases
Operating lease right of use asset, net	$	6,033		$	6,124
Operating lease liability	$	6,266		$	6,343
Weighted average remaining lease term	16.53 years			17.21 years
Weighted average discount rate	3.51		%	3.51		%
Remaining lease term - min	5.5 years			6.3 years
Remaining lease term - max	22.0 years			23.0 years

A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows:

(dollars in thousands)	As of March 31, 2022
Lease payments due:
Within one year	$	532
After one but within two years	539
After two but within three years	547
After three but within four years	588
After four but within five years	595
After five years	5,677
Total undiscounted cash flows	$	8,478
Discount on cash flows	2,212
Total lease liability	$	6,266

Lease, Cost

The table below details the Company's lease cost, which is included in occupancy expense in the Unaudited Consolidated Statements of Income.

	Three Months Ended March 31,
(dollars in thousands)	2022		2021
Operating lease cost	$	146	$	197
Cash paid for lease liability	$	131	$	176