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LEASES
12 Months Ended
Dec. 31, 2021
LEASES  
LEASES

Note 14 — 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 20 years. In the twelve months of 2021 and 2020, operating lease cost and cash paid for operating lease liabilities totaled $1,068 and $1,023, respectively, which is classified in cash flows from operating activities. As of December 31, 2021 and 2020, operating lease right-of-use assets and operating lease liabilities were both $7,419 and $858, respectively. The weighted-average remaining lease term related to these operating leases was approximately 7.7 years and 0.7 years as of December 31, 2021 and 2020, respectively. The weighted-average discount rate related to the Company’s operating leases was 2.3% and 3.0% as of December 31, 2021 and 2020, respectively. Maturities of operating lease liabilities at December 31, 2021 are as follows: $1,072 in 2022, $717 in 2023, $420 in 2024, $422 in 2025, $409 in 2026 and $4,379 in 2027 through 2041.

The Company, as lessor, rents certain commercial real estate to third party lessees. The December 31, 2021 and 2020 cost related to these leased properties was $51,384 and $51,426, respectively, and the accumulated depreciation related to these leased properties was $15,844 and $14,784, respectively. Terms of certain such leases, including renewal options, may be extended for up to approximately 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 the twelve months of 2021 and 2020 was $4,223 and $3,191, respectively, and is classified in cash flows from operating activities.