XML 46 R34.htm IDEA: XBRL DOCUMENT v3.22.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Summary of Minimum Annual Lease Payments under Lease Terms

The following sets forth, as of December 31, 2021, the minimum annual lease payments under the terms of these leases, inclusive of renewal options that the Company is reasonably certain to renew:

 

 

 

December 31,

 

(dollars in thousands)

 

2021

 

2022

 

$

1,280

 

2023

 

 

1,272

 

2024

 

 

864

 

2025

 

 

713

 

2026

 

 

719

 

2027 and thereafter

 

 

2,490

 

Total lease payments

 

 

7,338

 

Less:  amounts representing interest

 

 

1,018

 

Present value of lease liabilities

 

$

6,320

 

Summary of Components of Total Lease Expense and Operating Cash Flows

The following table presents the components of total lease expense and operating cash flows for the year ended December 31, 2021:

 

 

 

December 31,

 

(dollars in thousands)

 

2021

 

Lease expense:

 

 

 

 

Operating lease expense

 

$

1,283

 

Variable lease expense

 

 

148

 

Total lease expense (1)

 

$

1,431

 

Cash paid:

 

 

 

 

Cash paid reducing operating lease liabilities

 

$

1,419

 

 

 

 

 

 

(1) Included in net occupancy expense in the Consolidated Statements of Income.