RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2022

RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES

Summary of operating lease expense

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2022		2021		2022		2021
Operating lease expense:
Related Party:
Variable lease expense	$	1,269	$	1,218	$	2,535	$	2,438
Fixed lease expense		57		34		92		68
Third Party:
Variable lease expense		220		197		417		393
Fixed lease expense		349		342		693		684
Total operating lease expense	$	1,895	$	1,791	$	3,737	$	3,583
Other information concerning operating leases:
Cash paid for amounts included in the measurement of operating lease liabilities	$	1,707	$	1,799	$	3,412	$	3,597
Cash paid for variable rent payments not included in measurement of operating lease liabilities		151		—		302		—
Short-term lease payments not included in the measurement of lease liabilities		—		—		—		—

Schedule of weighted average remaining term and weighted average discount rate for operating leases

	June 30, 2022			December 31, 2021
Weighted average remaining term in years		8.39			7.57
Weighted average discount rate		2.64	%		3.05	%

Schedule of operating lease liabilities

Year (dollars in thousands)	Related Party		Third Party		Total
2022	$	2,123	$	1,309	$	3,432
2023		4,274		2,429		6,703
2024		4,189		1,928		6,117
2025		4,053		1,396		5,449
2026		4,124		1,100		5,224
Thereafter		16,375		4,313		20,688
Total undiscounted cash flows	$	35,138	$	12,475	$	47,613
Discount applied to cash flows		(3,398)		(2,052)		(5,450)
Total discounted cash flows reported as operating lease liabilities	$	31,740	$	10,423	$	42,163