XML 58 R46.htm IDEA: XBRL DOCUMENT v3.22.0.1
Contingent Liabilities, Commitments, and Financial Instruments with Off-Balance-Sheet Risk (Tables)
12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Operating lease right of use assets and operating lease liabilities
The following table shows operating lease right of use assets and operating lease liabilities as of December 31.
(Dollars in thousands)Statement of Financial Condition classification20212020
Operating lease right of use assetsAccrued income and other assets$22,071 $23,825 
Operating lease liabilitiesAccrued expenses and other liabilities$21,364 $23,688 
Components of operating lease expense
The following table shows the components of operating leases expense for the year ended December 31.
(Dollars in thousands)Statement of Income classification202120202019
Operating lease costNet occupancy expense$3,480 $3,472 $3,487 
Short-term lease costNet occupancy expense20 41 
Variable lease (recovery of) costNet occupancy expense— (30)— 
Total operating lease cost$3,500 $3,450 $3,528 
Future minimum rental commitments for noncancellable operating leases
The following table shows future minimum rental commitments for all noncancellable operating leases with an initial term longer than 12 months for the next five years and thereafter.
(Dollars in thousands)
2022$3,852 
20233,909 
20242,965 
20252,702 
20262,504 
Thereafter6,943 
Total lease payments22,875 
Less: imputed interest(1,511)
Present value of operating lease liabilities$21,364 
Operating lease weighted average remaining term, discount rate, and supplmental cash flows information
The following table shows the weighted average remaining operating lease term, the weighted average discount rate and supplemental Consolidated Statement of Cash Flows information for operating leases at December 31.
(Dollars in thousands)202120202019
Weighted average remaining lease term9.31 years10.17 years10.88 years
Weighted average discount rate1.75 %1.80 %2.83 %
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$4,006 $3,794 $3,768 
Schedule of financial instruments whose contract amounts represent credit risk
Financial instruments, whose contract amounts represent credit risk as of December 31, were as follows:
(Dollars in thousands)20212020
Amounts of commitments:
Loan commitments to extend credit$1,148,984 $1,140,892 
Standby letters of credit$24,657 $24,884 
Commercial and similar letters of credit$8,531 $7,095