XML 28 R15.htm IDEA: XBRL DOCUMENT v3.20.4
Operating Leases
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Operating Leases Operating Leases
The following table presents operating lease cost and supplemental cash flow information related to leases for the periods indicated:
Year Ended December 31,
($ in thousands)20202019
Operating lease cost (1)
$2,617 $2,632 
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases2,776 2,705 
Right-of-use assets obtained in exchange for lease obligations
950 1,616 
(1)    Included in Occupancy and Equipment on the Consolidated Statements of Income. Operating lease cost for the year ended December 31, 2018 was under Topic 840.
The Company used the incremental borrowing rate based on the information available in determining the present value of lease payment. The following table presents supplemental balance sheet information related to leases as of December 31, 2020:
December 31,
($ in thousands)20202019
Operating leases:
Operating lease assets$7,616 $8,991 
Operating lease liabilities8,455 9,990 
Weighted-average remaining lease term4.3 years5.0 years
Weighted-average discount rate2.60 %2.81 %
The following table presets maturities of operating lease liabilities as of December 31, 2020:
($ in thousands)December 31, 2020
Maturities:
2021$2,494 
20222,340 
20232,002 
2024726 
2025687 
After 2025818 
Total lease payment
9,067 
Imputed interest
(612)
Present value of operating lease liabilities
$8,455