Operating Leases The following table presents operating lease cost and supplemental cash flow information related to leases for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | ($ in thousands) | | 2022 | | 2021 | | 2022 | | 2021 | Operating lease cost (1) | | $ | 705 | | | $ | 611 | | | $ | 2,029 | | | $ | 1,913 | | Cash paid for amounts included in the measurement of lease liabilities: | | | | | | | | | Operating cash flows from operating leases | | $ | 755 | | | $ | 654 | | | $ | 2,182 | | | $ | 2,051 | | Right of use assets obtained in exchange for lease obligations | | $ | 1,043 | | | $ | 1,111 | | | $ | 2,007 | | | $ | 1,247 | | | | | | | | | | |
(1) Included in Occupancy and Equipment on the Consolidated Statements of Income (Unaudited). The Company used the incremental borrowing rate based on the information available at lease commencement in determining the present value of lease payments. The following table presents supplemental balance sheet information related to leases as of the dates indicated: | | | | | | | | | | | | | | | ($ in thousands) | | September 30, 2022 | | December 31, 2021 | Operating leases: | | | | | Operating lease assets | | $ | 6,897 | | | $ | 6,786 | | Operating lease liabilities | | $ | 7,402 | | | $ | 7,444 | | Weighted-average remaining lease term | | 4.4 years | | 4.0 years | Weighted-average discount rate | | 2.60 | % | | 2.36 | % | | | | | |
The following table presents maturities of operating lease liabilities as of the date indicated: | | | | | | | | | ($ in thousands) | | September 30, 2022 | Maturities: | | | 2022 | | $ | 787 | | 2023 | | 2,668 | | 2024 | | 1,237 | | 2025 | | 1,146 | | 2026 | | 860 | | After 2026 | | 1,267 | | Total lease payment | | 7,965 | | Imputed Interest | | (563) | | Present value of operating lease liabilities | | $ | 7,402 | | | | |
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