Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases

Summary of lease costs and maturity analysis for liabilities

Lease Costs
		Year Ended
(in thousands)		December 31, 2021		December 31, 2020		December 31, 2019
Operating lease cost	$	419	$	419	$	419
	$	419	$	419	$	419
Other information
Cash paid for amounts included in the measurement of lease liabilities		429		421		412
Weighted average remaining lease terms in years - operating leases		2.75		3.75		4.75
Weighted average discount rate - operating leases		3.86%		3.86%		3.86%
Maturity analysis for liabilities	Total
	Undiscounted
(in thousands)	Cash Flows
Discount rate at commencement		3.86%
2022		438
2023		447
2024		340
	$	1,225
Present value lease liability	$	1,159
Difference between undiscounted cash flows and discounted cash flows	$	66

Summary of income relating to lease payments and undiscounted cash flows

Income relating to lease payments:
	Year Ended
(in thousands)	December 31, 2021		December 31, 2020		December 31, 2019
Income from leases (1)	$	203,530	$	242,209	$	256,250
	$	203,530	$	242,209	$	256,250
Undiscounted Cash Flows	Year ending
(in thousands)	December 31,
2022		100,269
2023		103,107
2024		97,792
2025		83,596
2026		70,718
2027 and thereafter		259,673
	$	715,155
(1) Amounts recognized from variable lease payments were $54,825, $61,310 and $64,421 for the years ended December 31, 2021, 2020 and 2019, respectively.