Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Schedule of Components of Lease Expense and Other lease Information

The Company’s operating lease obligations are for branch office facilities. The components of lease expense and other lease information as of and during the three-month periods ended March 31, 2021 and 2020 are as follows:

	For the Three Months
	Ended March 31,
(in thousands)	2021			2020
Operating lease cost	$	1,351		$	1,406
Variable lease cost		384			355
Sublease income		(123	)		—
Total lease cost	$	1,612		$	1,761
Cash paid for amounts included in measurement of lease liabilities
Operating cash outflows from operating leases	$	1,488		$	1,486
ROU assets obtained in exchange for new operating lease liabilities	$	58		$	15
Reduction to ROU assets resulting from reduction to lease liabilities	$	59		$	—
Other non-cash reductions to ROU assets	$	—		$	1,192

(in thousands)	March 31, 2021			December 31, 2020
Operating lease ROU assets	$	14,952		$	16,200
Operating lease liabilities	$	17,676		$	19,072
Weighted-average remaining lease term - operating leases	3.68		years	3.87		years
Weighted-average discount rate - operating leases		2.33	%		2.32	%

Schedule of Future Minimum Lease Payments under Non-cancellable Leases

Future minimum lease payments under non-cancellable leases as of March 31, 2021 were as follows:

(in thousands)	March 31, 2021
2021	$	4,466
2022		5,941
2023		4,424
2024		2,334
2025		802
2026		242
Thereafter		321
Total future minimum lease payments	$	18,530
Less imputed interest		(854	)
Total operating lease liability	$	17,676