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Leases (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Summary of Supplemental Balance Sheet Information The following table contains supplemental balance sheet information related to leases (dollars in thousands):

 

 

 

March 31, 2022

 

 

March 31, 2021

 

 

December 31, 2021

 

Operating lease right-of-use assets

 

$

15,242

 

 

$

17,424

 

 

$

15,116

 

Operating lease liabilities

 

 

15,458

 

 

 

17,578

 

 

 

15,322

 

Weighted-average remaining lease term (in years)

 

 

6.9

 

 

 

6.8

 

 

 

6.6

 

Weighted-average discount rate

 

 

2.67

%

 

 

2.63

%

 

 

2.70

%

 

Summary of Maturities of Lease Liabilities

Maturities of lease liabilities were as follows (in thousands):

 

Year ending December 31,

 

 

 

 

 

 

2022

 

 

$

2,221

 

 

2021

 

 

 

2,416

 

 

2022

 

 

 

2,044

 

 

2023

 

 

 

1,713

 

 

2024

 

 

 

1,714

 

Thereafter

 

 

 

7,645

 

Total lease payments

 

 

 

17,753

 

Less imputed interest

 

 

 

(2,295

)

Total lease liability

 

 

$

15,458

 

Summary of Components of Lease Expense

The components of lease expense for the three months ended March 31, 2022 and 2021 were as follows (in thousands):

 

 

 

Three months ended March 31,

 

 

 

2022

 

 

2021

 

Operating lease cost

 

$

629

 

 

$

708

 

Short-term lease cost

 

 

27

 

 

 

35

 

Variable lease cost

 

 

266

 

 

 

137

 

Total lease cost

 

 

922

 

 

 

880

 

Income from subleases

 

 

(100

)

 

 

(153

)

Net lease cost

 

$

822

 

 

$

727

 

Summary of Operating Lease Cash Flows Cash paid for amounts included in the measurement of lease liabilities was (in thousands):

 

 

March 31, 2022

 

 

March 31, 2021

 

Operating cash flows from operating leases

 

$

722

 

 

$

711