Leases (Tables)

3 Months Ended

Mar. 31, 2022

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, 2022 and 2021 are as follows:

	For the Three Months
	Ended March 31,
(in thousands)	2022			2021
Operating lease cost	$	1,158		$	1,351
Variable lease cost		348			384
Sublease income		(139	)		(123	)
Total lease cost	$	1,367		$	1,612
Cash paid for amounts included in measurement of lease liabilities
Operating cash outflows from operating leases	$	1,322		$	1,488
ROU assets obtained in exchange for new operating lease liabilities	$	—		$	58
Reduction to ROU assets resulting from reduction to lease liabilities	$	—		$	59
Other non-cash reductions to ROU assets	$	73		$	—

(in thousands)	March 31, 2022			December 31, 2021
Operating lease ROU assets	$	13,620		$	14,765
Operating lease liabilities	$	15,663		$	16,905
Weighted-average remaining lease term - operating leases	4.43		years	4.52		years
Weighted-average discount rate - operating leases		2.01	%		2.02	%

Schedule of Future Minimum Lease Payments under Non-cancellable Leases

Future minimum lease payments under non-cancellable leases as of March 31, 2022 were as follows:

(in thousands)	March 31, 2022
2022	$	4,031
2023		4,826
2024		2,844
2025		1,481
2026		884
2027		695
Thereafter		1,587
Total future minimum lease payments	$	16,348
Less imputed interest		(685	)
Total operating lease liability	$	15,663