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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule Of Operating And Finance Lease Liabilities
LeasesClassificationDecember 31, 2021December 31, 2020
Assets:
Operating lease assetsOperating lease right-of-use assets$19,928 $18,407 
Finance lease assets
Premises and equipment, net (1)
358 429 
Total leased assets$20,286 $18,836 
Liabilities:
Operating lease liabilitiesOperating lease liabilities$21,159 $19,449 
Finance lease liabilitiesAccrued interest payable and other liabilities469 550 
Total leased liabilities$21,628 $19,999 
(1) Finance lease assets are recorded net of accumulated amortization of $858 thousand and $787 thousand as of December 31, 2021 and 2020, respectively.
Schedule Of Lease Cost
The components of the Corporation's net lease expense for the year ended December 31, 2021, 2020 and 2019 were as follows:
Lease CostClassificationDecember 31, 2021December 31, 2020December 31, 2019
Operating lease costNet occupancy expense$1,801 $1,785 $1,666 
Variable lease costNet occupancy expense55 87 98 
Finance lease cost:
Amortization of leased assetsNet occupancy expense72 72 72 
Interest on lease liabilitiesInterest expense - borrowed funds23 27 30 
Sublease income (1)
Net occupancy expense(71)(86)(83)
Net lease cost$1,880 $1,885 $1,783 
(1) Sublease income excludes rental income from owned properties.
Finance Lease, Liability, Maturity
The following table sets forth future minimum rental payments under noncancelable leases with terms in excess of one year as of December 31, 2021:
Maturity of Lease Liabilities as of December 31, 2021
Operating Leases (1)
Finance LeasesTotal
2022$1,804 $105 $1,909 
20231,693 105 1,798 
20241,649 105 1,754 
20251,637 105 1,742 
20261,605 105 1,710 
After 202620,564 20,564 
Total lease payments28,952 525 29,477 
Less: Interest7,793 56 7,849 
Present value of lease liabilities$21,159 $469 $21,628 
(1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised and exclude $10.4 million of legally binding minimum lease payments for leases signed, but not yet commenced.
Summary of Minimum Annual Rental Commitments Under Operating Lease
The following table sets forth future minimum rental payments under noncancelable leases with terms in excess of one year as of December 31, 2021:
Maturity of Lease Liabilities as of December 31, 2021
Operating Leases (1)
Finance LeasesTotal
2022$1,804 $105 $1,909 
20231,693 105 1,798 
20241,649 105 1,754 
20251,637 105 1,742 
20261,605 105 1,710 
After 202620,564 20,564 
Total lease payments28,952 525 29,477 
Less: Interest7,793 56 7,849 
Present value of lease liabilities$21,159 $469 $21,628 
(1) Operating lease payments include payments related to options to extend lease terms that are reasonably certain of being exercised and exclude $10.4 million of legally binding minimum lease payments for leases signed, but not yet commenced.
Schedule of Weighted Average Lease Term and Discount Rate
Other information related to the Corporation's lease liabilities as of December 31, 2021 and 2020 was as follows:
Lease Term and Discount RateDecember 31, 2021December 31, 2020
Weighted-average remaining lease term (years)
Operating leases18.819.0
Finance leases5.06.0
Weighted-average discount rate
Operating leases3.42 %3.46 %
Finance leases4.49 %4.49 %

Other information related to the Corporation's lease liabilities as of December 31, 2021 and 2020 was as follows:
Other InformationDecember 31, 2021December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used by operating leases$964 $922