Right-Of-Use Assets and Lease Liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Finance and Operating Lease Details

The following table presents our lease expense for finance and operating leases for the years ended December 31:

(dollars in thousands)	2021		2020			2019
Operating lease expense(1)	$	5,135	$	5,711		$	4,221
Amortization of ROU assets - finance leases(1)	224		224			101
Interest on lease liabilities - finance leases (2)	74		84			74
Total Lease Expense	$	5,433	$	6,019		$	4,396
(1) Included in occupancy expense in our Consolidated Statements of Net Income. (2) Included in borrowings interest expense in our Consolidated Statements of Net Income.
The following table presents our ROU assets, weighted average term and the discount rates for finance and operating leases as of December 31:
(dollars in thousands)			2021			2020
Operating Leases
ROU assets			$	44,067		$	46,245
Operating cash flows			$	6,570		$	6,489
Finance Leases
ROU assets			$	1,055		$	1,278
Operating cash flows			$	74		$	84
Financing cash flows			$	194		$	180
Weighted Average Lease Term - Years
Operating leases			18.9			18.7
Finance leases			12.4			12.1
Weighted Average Discount Rate
Operating leases			5.82		%	5.90		%
Finance leases			5.91		%	5.81		%

Finance and Operating Lease Details

The following table presents our lease expense for finance and operating leases for the years ended December 31:

(dollars in thousands)	2021		2020			2019
Operating lease expense(1)	$	5,135	$	5,711		$	4,221
Amortization of ROU assets - finance leases(1)	224		224			101
Interest on lease liabilities - finance leases (2)	74		84			74
Total Lease Expense	$	5,433	$	6,019		$	4,396
(1) Included in occupancy expense in our Consolidated Statements of Net Income. (2) Included in borrowings interest expense in our Consolidated Statements of Net Income.
The following table presents our ROU assets, weighted average term and the discount rates for finance and operating leases as of December 31:
(dollars in thousands)			2021			2020
Operating Leases
ROU assets			$	44,067		$	46,245
Operating cash flows			$	6,570		$	6,489
Finance Leases
ROU assets			$	1,055		$	1,278
Operating cash flows			$	74		$	84
Financing cash flows			$	194		$	180
Weighted Average Lease Term - Years
Operating leases			18.9			18.7
Finance leases			12.4			12.1
Weighted Average Discount Rate
Operating leases			5.82		%	5.90		%
Finance leases			5.91		%	5.81		%

Maturity Analysis of Lease Liabilities for Operating Leases

The following table presents the maturity analysis of lease liabilities for finance and operating leases as of December 31, 2021:

(dollars in thousands)
Maturity Analysis	Finance		Operating			Total
2022	$	225		$	4,707	$	4,932
2023	129			4,519		4,648
2024	130			4,512		4,642
2025	132			4,544		4,676
2026	133			4,574		4,707
Thereafter	1,012			64,040		65,052
Total	1,761			86,896		88,657
Less: Present value discount	(561)			(36,830)		(37,391)
Lease Liabilities	$	1,200		$	50,066	$	51,266

Maturity Analysis of Lease Liabilities for Finance Leases

The following table presents the maturity analysis of lease liabilities for finance and operating leases as of December 31, 2021:

(dollars in thousands)
Maturity Analysis	Finance		Operating			Total
2022	$	225		$	4,707	$	4,932
2023	129			4,519		4,648
2024	130			4,512		4,642
2025	132			4,544		4,676
2026	133			4,574		4,707
Thereafter	1,012			64,040		65,052
Total	1,761			86,896		88,657
Less: Present value discount	(561)			(36,830)		(37,391)
Lease Liabilities	$	1,200		$	50,066	$	51,266