Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.21.1
LEASES (Tables)
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Summary of lease expense and other information related to operating leases
Three Months Ended
March 31,
(Dollars in Thousands)
2021
2020
Operating lease expense
$
344
$
156
Short-term lease expense
140
79
Total lease expense
$
484
$
235
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$
385
$
160
Right-of-use assets obtained in exchange for new operating lease liabilities
75
5,092
Weighted average
 
remaining lease term — operating leases (in years)
25.5
15.4
Weighted average
 
discount rate — operating leases
2.1%
2.4%
Summary of maturity of remaining lease liabilities
The table below summarizes the maturity of remaining
 
lease liabilities:
(Dollars in Thousands)
March 31, 2021
2021
$
1,158
2022
1,389
2023
995
2024
945
2025
771
2026 and thereafter
11,132
Total
$
16,390
Less: Interest
(3,837)
Present Value
 
of Lease liability
$
12,553