Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.21.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Summary of lease expense and other information related to operating leases
Three Months Ended
Six Months Ended
June 30,
June 30,
(Dollars in Thousands)
2021
2020
2021
2020
Operating lease expense
$
362
$
265
$
706
$
422
Short-term lease expense
170
154
310
233
Total
 
lease expense
$
532
$
419
$
1,016
$
655
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$
402
$
263
$
786
$
424
Right-of-use assets obtained in exchange for new operating lease liabilities
440
-
515
5,120
Weighted average
 
remaining lease term — operating leases (in years)
25.1
15.5
25.1
15.5
Weighted average
 
discount rate — operating leases
2.0%
2.4%
2.0%
2.4%
Summary of maturity of remaining lease liabilities
The table below summarizes the maturity of remaining
 
lease liabilities:
(Dollars in Thousands)
June 30, 2021
2021
$
816
2022
1,480
2023
1,086
2024
1,033
2025
855
2026 and thereafter
11,165
Total
$
16,435
Less: Interest
(3,780)
Present Value
 
of Lease liability
$
12,655