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

9 Months Ended

Sep. 30, 2022

RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES

Summary of operating lease expense

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in thousands)	2022		2021		2022		2021
Operating lease expense:
Related Party:
Variable lease expense	$	1,101	$	1,224	$	3,635	$	3,662
Fixed lease expense		57		34		149		102
Third Party:
Variable lease expense		222		197		639		590
Fixed lease expense		346		337		1,040		1,021
Total operating lease expense	$	1,726	$	1,792	$	5,463	$	5,375
Other information concerning operating leases:
Cash paid for amounts included in the measurement of operating lease liabilities	$	1,709	$	1,793	$	5,121	$	5,390
Cash paid for variable rent payments not included in measurement of operating lease liabilities		151		—		453		—
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

	September 30, 2022			December 31, 2021
Weighted average remaining term in years		8.28			7.57
Weighted average discount rate		2.66	%		3.05	%

Schedule of operating lease liabilities

Year (dollars in thousands)	Related Party		Third Party		Total
2022	$	1,062	$	664	$	1,726
2023		4,274		2,522		6,796
2024		4,189		2,143		6,332
2025		4,053		1,609		5,662
2026		4,124		1,310		5,434
Thereafter		16,375		4,593		20,968
Total undiscounted cash flows	$	34,077	$	12,841	$	46,918
Discount applied to cash flows		(3,216)		(1,593)		(4,809)
Total discounted cash flows reported as operating lease liabilities	$	30,861	$	11,248	$	42,109