Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.22.1
LEASES (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Summary of lease expense and other information related to operating leases
Three Months Ended
March 31,
(Dollars in Thousands)
2022
2021
Operating lease expense
$
384
$
344
Short-term lease expense
179
140
Total lease expense
$
563
$
484
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$
429
$
385
Right-of-use assets obtained in exchange for new operating lease liabilities
592
75
Weighted average
 
remaining lease term — operating leases (in years)
24.9
25.5
Weighted average
 
discount rate — operating leases
2.0%
2.1%
Summary of maturity of remaining lease liabilities
The table below summarizes the maturity of remaining lease liabilities:
(Dollars in Thousands)
March 31, 2022
2022
$
1,581
2023
1,190
2024
1,120
2025
977
2026
875
2027 and thereafter
10,341
Total
$
16,084
Less: Interest
(3,773)
Present Value
 
of Lease liability
$
12,311