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Leases (Tables)
9 Months Ended
Sep. 30, 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 and nine months ended September 30, 2022 and 2021.

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(Dollars in thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease costs

 

$

580

 

 

$

571

 

 

$

1,759

 

 

$

1,715

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

 

684

 

 

 

481

 

 

 

1,764

 

 

 

1,780

 

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

 

 

(47

)

 

 

(41

)

 

 

(133

)

 

 

(76

)

Schedule of Breakout of Operating leases

The following table presents the breakout of the operating leases as of September 30, 2022 and December 31, 2021.

(Dollars in thousands)

 

September 30, 2022

 

 

December 31, 2021

 

Operating lease right-of-use assets

 

$

9,699

 

 

$

10,045

 

Other current liabilities

 

 

2,095

 

 

 

2,159

 

Operating lease liabilities

 

 

8,580

 

 

 

9,053

 

Total operating lease liabilities

 

 

10,675

 

 

 

11,212

 

Weighted average remaining lease term

 

5.9 years

 

 

5.4 years

 

Weighted average discount rate

 

 

5.54

%

 

 

5.54

%

Schedule of Maturities of the Lease Liabilities

At September 30, 2022, maturities of the lease liabilities were as follows:

(Dollars in thousands)

 

 

 

Remainder of 2022

 

$

638

 

2023

 

 

2,518

 

2024

 

 

2,526

 

2025

 

 

2,505

 

2026

 

 

2,440

 

Thereafter

 

 

2,502

 

Total lease payments

 

 

13,129

 

Less imputed interest

 

 

2,454

 

Total operating lease liabilities

 

$

10,675