Operating Leases

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Operating Leases

The Company has various operating lease agreements, primarily for real estate offices. Such leases have remaining lease terms of 1 year to 5 years, some of which may include options to extend certain leases for up to an additional 25 years.

The components of lease expense were as follows:

($ in thousands)	Years Ended December 31,
	2020		2019
Operating lease cost	$	4,454	$	3,841
Short-term lease cost	119		208
Total lease cost	$	4,573	$	4,049

Supplemental cash flow information related to operating leases was as follows:

($ in thousands)	Years Ended December 31,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities	$	4,453	$	3,447

Supplemental balance sheet information related to operating leases were as follows:

($ in thousands, except lease term and discount rate)	December 31,
	2020			2019
Assets
Right of use assets, included in Other assets	$	12,551		$	16,483
Liabilities
Operating lease liabilities, included in Other liabilities	$	13,559		$	17,499
Weighted average remaining lease term	3.63			4.51
Weighted average discount rate	3.75		%	3.78		%

Future minimum lease payments under non-cancellable operating leases as of December 31, 2020 are as follows:

($ in thousands)
Year Ending December 31,
2021	$	4,236
2022	4,128
2023	3,438
2024	1,929
2025	787
Thereafter	—
Total future minimum lease payments	14,518
Less imputed interest	(959)
Total	$	13,559

As of December 31, 2020, the Company had one additional operating lease that has not yet commenced.