Leases (Tables)

6 Months Ended

Jun. 30, 2021

Leases

Schedule of right-of-use assets and lease liabilities

		June 30,		December 31,
(dollars in thousands)		2021		2020
Lease Right-of-Use Assets	Classification
Operating lease right-of-use assets	Operating lease right-of-use assets	$	4,203	$	6,918
Finance lease right-of-use assets	Land, premises and equipment, net		144		202
Total lease right-of-use assets		$	4,347	$	7,120
Lease Liabilities
Operating lease liabilities	Operating lease liabilities	$	4,868	$	7,861
Finance lease liabilities	Long-term debt		319		430
Total lease liabilities		$	5,187	$	8,291

Schedule of weighted average remaining lease term and average discount rate

	June 30,		December 31,
	2021		2020
Weighted-average remaining lease term, years
Operating leases	3.7		5.8
Finance leases	1.3		1.8
Weighted-average discount rate
Operating leases	2.5	%	2.9	%
Finance leases	7.8	%	7.8	%

Schedule of lease costs and other lease information

	Three months ended				Six months ended
	June 30,				June 30,
(dollars in thousands)	2021		2020		2021		2020
Lease costs
Operating lease cost	$	492	$	568	$	988	$	1,191
Variable lease cost		158		468		391		665
Short-term lease cost		46		107		83		202
Finance lease cost
Interest on lease liabilities		7		11		15		23
Amortization of right-of-use assets		29		29		58		58
Sublease income		(52)		(52)		(112)		(118)
Net lease cost	$	680	$	1,131	$	1,423	$	2,021
Other information
Cash paid for amounts included in the measurement of lease liabilities operating cash flows from operating leases	$	474	$	561	$	961	$	1,179
Right-of-use assets obtained in exchange for new operating lease liabilities		—		1,348		—		1,531

Schedule of future minimum payments for finance leases

Future minimum payments for finance and operating leases with initial or remaining terms of one year or more as of June 30, 2021 were as follows:

	Finance		Operating
(dollars in thousands)	Leases		Leases
Twelve months ended
June 30, 2022	$	251	$	1,664
June 30, 2023		84		1,616
June 30, 2024		—		1,112
June 30, 2025		—		392
June 30, 2026		—		345
Thereafter		—		326
Total future minimum lease payments	$	335	$	5,455
Amounts representing interest		(16)		(587)
Total operating lease liabilities	$	319	$	4,868

Schedule of future minimum payments for operating leases

	Finance		Operating
(dollars in thousands)	Leases		Leases
Twelve months ended
June 30, 2022	$	251	$	1,664
June 30, 2023		84		1,616
June 30, 2024		—		1,112
June 30, 2025		—		392
June 30, 2026		—		345
Thereafter		—		326
Total future minimum lease payments	$	335	$	5,455
Amounts representing interest		(16)		(587)
Total operating lease liabilities	$	319	$	4,868