Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases

Net Lease Cost

The table below summarizes our net lease cost:

	For the three months ended June 30,				For the six months ended June 30,
(In thousands)	2022		2021		2022		2021
Operating lease cost	$	188	$	149	$	376	$	298
Net lease cost	$	188	$	149	$	376	$	298

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

	For the three months ended June 30,				For the six months ended June 30,
(In thousands)	2022		2021		2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	182	$	145	$	365	$	290
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)	June 30, 2022			December 31, 2021
Weighted average remaining lease term in years		11.18			11.40
Weighted average discount rate		3.14	%		3.20	%
Operating lease right-of-use assets	$	5,206		$	5,249

Summary of Maturity of Remaining Lease Liabilities

The table below summarizes the maturity of remaining lease liabilities:

(In thousands)	June 30, 2022
2022	$	366
2023		670
2024		624
2025		623
2026		624
2027 and thereafter		3,168
Total lease payments	$	6,075
Less: Interest		(776)
Present value of lease liabilities	$	5,299