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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Summary of Supplemental Balance Sheet Information The following table contains supplemental balance sheet information related to leases (dollars in thousands):

 

 

 

June 30, 2022

 

 

June 30, 2021

 

 

December 31, 2021

 

Operating lease right-of-use assets

 

$

15,649

 

 

$

16,753

 

 

$

15,116

 

Operating lease liabilities

 

 

15,884

 

 

 

16,919

 

 

 

15,322

 

Weighted-average remaining lease term (in years)

 

 

6.9

 

 

 

6.2

 

 

 

6.6

 

Weighted-average discount rate

 

 

2.66

%

 

 

2.63

%

 

 

2.70

%

41

 

 

 

Summary of Maturities of Lease Liabilities

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

 

Year ending December 31,

 

 

 

 

 

 

2022

 

 

$

1,597

 

 

2023

 

 

 

2,635

 

 

2024

 

 

 

2,285

 

 

2025

 

 

 

1,877

 

 

2026

 

 

 

1,805

 

Thereafter

 

 

 

7,706

 

Total lease payments

 

 

 

17,905

 

Less imputed interest

 

 

 

(2,021

)

Total lease liability

 

 

$

15,884

 

Summary of Components of Lease Expense

The components of lease expense for the three and six months ended June 30, 2022 and 2021 were as follows (in thousands):

 

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease cost

 

$

639

 

 

$

745

 

 

$

1,268

 

 

$

1,448

 

Short-term lease cost

 

 

15

 

 

 

100

 

 

 

42

 

 

 

133

 

Variable lease cost

 

 

300

 

 

 

105

 

 

 

566

 

 

 

249

 

Total lease cost

 

 

954

 

 

 

950

 

 

 

1,876

 

 

 

1,830

 

Income from subleases

 

 

(90

)

 

 

(167

)

 

 

(190

)

 

 

(320

)

Net lease cost

 

$

864

 

 

$

783

 

 

$

1,686

 

 

$

1,510

 

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

 

 

June 30, 2022

 

 

June 30, 2021

 

Operating cash flows from operating leases

 

$

1,517

 

 

$

1,467