Leases Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Lease, Cost [Table Text Block]

Other information related to operating leases for the three-month and six-month periods ended June 30, 2022 and 2021 follows:

	Three Months Ended				Six Months Ended
(in thousands)	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Lease cost
Operating lease cost	$	751	$	698	$	1,475	$	1,419
Sublease income	(63)		(63)		(126)		(126)
Total lease cost	$	688	$	635	$	1,349	$	1,293
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	768	$	770	$	1,541	$	1,552
ROU assets obtained in exchange for new operating lease liabilities	$	4,182	$	180	$	4,182	$	180
Reductions to ROU assets resulting from reductions to lease obligations	$	(695)	$	(685)	$	(1,393)	$	(1,379)

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Undiscounted cash flows included in lease liabilities have expected contractual payments as follows:

(in thousands)	June 30, 2022
Six months ending December 31, 2022	$	1,524
2023	3,293
2024	2,205
2025	1,877
2026	1,796
Thereafter	8,866
Total undiscounted minimum lease payments	$	19,561
Present value adjustment	(2,494)
Total lease liabilities	$	17,067

In September 2021, the Company entered into a noncancellable operating lease for an additional retail office for an initial term of 12 years, with two five-year renewal options. The lease commenced on July 1, 2022, and therefore, was not recognized as of December 31, 2021 or June 30, 2022. The fixed payments due on an undiscounted basis over the noncancellable 12-year period of the lease are $3.5 million. The Company will assess the lease term as of the lease commencement date, but does not presently expect that either of the five-year renewal periods will be exercised.