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Leases (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Schedule of Operating Lease Costs and Additional Information

The following table presents the operating lease costs and additional information for the three months ended March 31, 2022 and 2021.

 

 

Three Months Ended March 31,

 

(Dollars in thousands)

 

2022

 

 

2021

 

Operating lease costs

 

$

590

 

 

$

572

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

Operating cash flows from operating leases

 

 

645

 

 

 

675

 

Right-of-use asset obtained in exchange for lease liability

 

 

(45

)

 

 

(18

)

Schedule of Breakout of Operating leases

The following table presents the breakout of the operating leases as of March 31, 2022 and December 31, 2021.

(Dollars in thousands)

 

March 31, 2022

 

 

December 31, 2021

 

Operating lease right-of-use assets

 

$

9,536

 

 

$

10,045

 

Other current liabilities

 

 

2,153

 

 

 

2,159

 

Operating lease liabilities

 

 

8,548

 

 

 

9,053

 

Total operating lease liabilities

 

 

10,701

 

 

 

11,212

 

Weighted average remaining lease term

 

5.2 years

 

 

5.4 years

 

Weighted average discount rate

 

 

5.54

%

 

 

5.54

%

Schedule of Maturities of the Lease Liabilities

At March 31, 2022, maturities of the lease liabilities were as follows:

(Dollars in thousands)

 

 

 

Remainder of 2022

 

$

1,823

 

2023

 

 

2,356

 

2024

 

 

2,373

 

2025

 

 

2,390

 

2026

 

 

2,408

 

Thereafter

 

 

1,164

 

Total lease payments

 

 

12,514

 

Less imputed interest

 

 

1,813

 

Total operating lease liabilities

 

$

10,701