Annual report pursuant to Section 13 and 15(d)

LEASES (Table)

v3.22.0.1
LEASES (Table)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Lease expense and other information related to the Company's operating leases
(Dollars in Thousands)
2021
2020
2019
Operating lease expense
$
1,445
$
1,018
$
325
Short-term lease expense
663
530
120
Total lease expense
$
2,108
$
1,548
$
445
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$
1,609
$
1,174
$
331
Right-of-use assets obtained in exchange for new operating lease liabilities
784
11,101
1,739
Weighted-average
 
remaining lease term — operating leases (in years)
25.3
25.4
6.8
Weighted-average
 
discount rate — operating leases
2.0
%
2.1
%
2.9
%
Maturity of remaining lease liabilities
The table below summarizes the maturity of remaining lease liabilities:
(Dollars in Thousands)
December 31, 2021
2022
$
1,499
2023
1,129
2024
1,088
2025
911
2026
835
2027 and thereafter
10,364
Total
$
15,826
Less: Interest
(3,658)
Present value of lease liability
$
12,168