Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.22.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2022
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)
2022
2021
2022
2021
Operating lease expense
$
391
$
362
$
775
$
706
Short-term lease expense
159
170
337
310
Total
 
lease expense
$
550
$
532
$
1,112
$
1,016
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$
435
$
402
$
864
$
786
Right-of-use assets obtained in exchange for new operating lease liabilities
600
440
1,192
515
Weighted average
 
remaining lease term — operating leases (in years)
24.5
25.1
24.5
25.1
Weighted average
 
discount rate — operating leases
2.2%
2.0%
2.2%
2.0%
Summary of maturity of remaining lease liabilities
The table below summarizes the maturity of remaining lease liabilities:
(Dollars in Thousands)
June 30, 2022
2022
$
1,717
2023
1,715
2024
1,470
2025
1,249
2026
1,122
2027 and thereafter
11,731
Total
$
19,004
Less: Interest
(6,503)
Present Value
 
of Lease liability
$
12,501