Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases

Net Lease Cost

The table below summarizes our net lease cost:

	For the three months ended March 31,
(In thousands)	2022		2021
Operating lease cost	$	188	$	149
Net lease cost	$	188	$	149

The table below summarizes the cash and non-cash activities associated with our leases:

	For the three months ended March 31,
(In thousands)	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	182	$	145
ROU assets obtained in exchange for new operating lease liabilities	$	582	$	—

Summary of Other Information for Operating Leases

The table below summarizes other information related to our operating leases:

(In thousands, except percentages and years)	March 31, 2022			December 31, 2021
Weighted average remaining lease term in years		11.33			11.40
Weighted average discount rate		3.17	%		3.20	%
Operating lease right-of-use assets	$	5,353		$	5,249

Summary of Maturity of Remaining Lease Liabilities

The table below summarizes the maturity of remaining lease liabilities:

(In thousands)	March 31, 2022
2022	$	549
2023		670
2024		624
2025		622
2026		624
2027 and thereafter		3,168
Total lease payments	$	6,257
Less: Interest		(818)
Present value of lease liabilities	$	5,439