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Operating Leases
12 Months Ended
Dec. 31, 2021
Operating Leases [Abstract]  
Operating Leases
Note 18:
 
Operating Leases
During 2021, the Bank began occupying office space in Phoenix, Arizona. The Phoenix, Arizona non-cancellable lease has a term of
11
 
years with
two
,
five year
 
options to renew.
 
During 2020, the Bank began occupying office space in Kansas City, Missouri
 
and Frisco, Texas. The Kansas City, non-cancellable
lease has a term of
15 years
 
with
four
,
five-year
 
renewal options. The Bank received a construction allowance of $
1
 
million. The Frisco,
non-cancellable lease has a term of
86 months
 
with
two
,
five-year
 
renewal options. The Bank received a construction allowance of
$
212
 
thousand.
The Company has various, non-cancellable operating leases for
 
office space in its respective markets.
Three
 
operating leases
included tenant improvement allowances. In accordance with ASC 840, the Company is amortizing the benefit
 
through occupancy expense
over the expected life of the lease. Rent expense for the periods presented was as follows:
Year Ended December 31,
2021
2020
2019
(Dollars in thousands)
Rent Expense
$
3,500
$
2,871
$
2,526
Future minimum lease payments under operating leases were as follows:
(Dollars in thousands)
2022
$
2,996
2023
3,091
2024
2,794
2025
2,805
2026
2,859
Thereafter
$
15,196