Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Lease, Cost

Other information related to operating leases for the years ended December 31, 2020 and 2019 follows:

(Dollars in thousands)	Year ended December 31, 2020		Year ended December 31, 2019
Lease cost
Operating lease cost	$	3,463	$	3,165
Sublease income	(352)		(383)
Total lease cost	$	3,111	$	2,782
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	3,553	$	3,192
ROU assets obtained in exchange for new operating lease liabilities	7,821		505
Reductions to ROU assets resulting from reductions to lease obligations	$	(3,084)	$	(2,855)

Lessee, Operating Lease, Liability, Maturity

At both December 31, 2020 and 2019, Park's operating leases had a weighted average remaining term of 7.2 years. The weighted average discount rate of Park's operating leases was 2.3% and 3.1% at December 31, 2020 and 2019, respectively.

Undiscounted cash flows included in lease liabilities at December 31, 2020 have expected contractual payments as follows:

(in thousands)	December 31, 2020
2021	$	3,062
2022	2,955
2023	2,840
2024	1,755
2025	1,415
Thereafter	5,404
Total undiscounted minimum lease payments	$	17,431
Less: imputed interest	(1,378)
Total lease liabilities	$	16,053