Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Assets and liabilities, lessee

The following table summarizes the Company’s leases:

	March 31, 2021					December 31, 2020
(Dollars in thousands)	Finance Leases			Operating Leases		Finance Leases		Operating Leases
ROU assets	$	5,999				5,999
Accumulated depreciation	(334)					(273)
Net ROU assets	$	5,665		46,298		5,726		46,820
Lease liabilities	$	5,864		49,250		5,891		49,675
Weighted-average remaining lease term	24 years			17 years		24 years		17 years
Weighted-average discount rate	2.6		%	3.4	%	2.6	%	3.4	%

Operating lease liability maturity

Maturities of lease liabilities consist of the following:

	March 31, 2021
(Dollars in thousands)	Finance Leases		Operating Leases
Maturing within one year	$	261	4,808
Maturing one year through two years	268		4,424
Maturing two years through three years	274		3,955
Maturing three years through four years	281		3,978
Maturing four years through five years	287		3,898
Thereafter	6,663		46,484
Total lease payments	8,034		67,547
Present value of lease payments
Short-term	112		3,211
Long-term	5,752		46,039
Total present value of lease payments	5,864		49,250
Difference between lease payments and present value of lease payments	$	2,170	18,297

Finance lease liability maturity

Maturities of lease liabilities consist of the following:

	March 31, 2021
(Dollars in thousands)	Finance Leases		Operating Leases
Maturing within one year	$	261	4,808
Maturing one year through two years	268		4,424
Maturing two years through three years	274		3,955
Maturing three years through four years	281		3,978
Maturing four years through five years	287		3,898
Thereafter	6,663		46,484
Total lease payments	8,034		67,547
Present value of lease payments
Short-term	112		3,211
Long-term	5,752		46,039
Total present value of lease payments	5,864		49,250
Difference between lease payments and present value of lease payments	$	2,170	18,297

Components of lease expense

The components of lease expense consist of the following:

	Three Months ended
(Dollars in thousands)	March 31, 2021		March 31, 2020
Finance lease cost
Amortization of ROU assets	$	61	57
Interest on lease liabilities	37		41
Operating lease cost	1,279		1,108
Short-term lease cost	86		90
Variable lease cost	261		385
Sublease income	(11)		(2)
Total lease expense	$	1,713	1,679

Supplemental cash flow information related to leases is as follows:

	Three Months ended
	March 31, 2021			March 31, 2020
(Dollars in thousands)	Finance Leases		Operating Leases	Finance Leases	Operating Leases
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows	$	37	780	41	615
Financing cash flows	27		N/A	23	N/A