LEASES

12 Months Ended

Dec. 31, 2021

We have operating leases for our corporate offices (1), five bank branch offices (5) and an ATM location (1). Our leases have remaining lease terms of 1.25 years to 6.50 years, some of which include options to extend the leases for up to 5 years. As of December 31, 2021, we have no additional lease commitments that have not yet commenced. Lease costs are included in non-interest expense/occupancy in the consolidated statement of operations.


	Twelve Months Ended
	December 31, 2021			December 31, 2020
The components of total lease costs were as follows:
Operating lease cost	$	558		$	618
Variable lease cost	47			59
Total lease cost	$	605		$	677

The components of total lease income were as follows:
Operating lease income	$	33		$	32

Supplemental cash flow information related to leases was as follows:

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	415		$	638
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	2		$	508

	December, 31 2021			December 31, 2020
Supplemental balance sheet information related to leases was as follows:
Operating lease right-of-use assets	$	2,159		$	2,657
Operating lease liabilities	$	2,228		$	2,762

Weighted average remaining lease term in years; operating leases	5.55			6.32
Weighted average discount rate; operating leases	2.73		%	2.70		%

Cash obligations and receipts under lease contracts as of December 31, 2021 are as follows:


Fiscal years ending December 31,	Payments		Receipts
2022	$	558	$	34
2023	506		27
2024	419		10
2025	403		—
2026	346		—
Thereafter	480		—
Total lease payments	2,712		$	71
Less: effects of discounting	(484)
Lease liability recognized	$	2,228