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Leases
3 Months Ended
Mar. 31, 2021
Leases  
Leases

Note 11 — Leases

The Company leases certain buildings, land and equipment that are classified as operating leases. These leases have remaining lease terms of up to approximately 3 years.  In the first quarter of 2021 and 2020, operating lease cost and cash paid for operating lease liabilities totaled $258 and $236, respectively, which is classified in cash flows from

operating activities.  As of March 31, 2021 and 2020, operating lease right-of-use assets and operating lease liabilities were $653 and $1,388, respectively. The weighted-average remaining lease term related to these operating leases was 1.0 years and 1.6 years as of March 31, 2021 and 2020, respectively. The weighted-average discount rate related to the Company’s operating leases was 3.1% and 3.1% as of March 31, 2021 and 2020, respectively. Maturities of the Company’s operating lease liabilities at March 31, 2021 are as follows: $511 in 2021, $138 in 2022 and $4 in 2023.

The Company, as lessor, rents certain commercial real estate to third-party lessees. The March 31, 2021 and 2020 cost related to these leased properties was $51,402 and $36,368, respectively, and the accumulated depreciation related to these leased properties was $15,001 and $10,433, respectively. Terms of such leases, including renewal options, may be extended for up to sixty years, many of which provide for periodic adjustment of rent payments based on changes in consumer or other price indices. The Company recognizes lease income on a straight-line basis over the lease term. Lease income in first quarter 2021 and 2020 was $1,230 and $737, respectively, and is classified in cash flows from operating activities.