Leases and Commitments (Tables)

12 Months Ended

Dec. 31, 2021

Leases and Commitments

Net Lease Cost

The table below summarizes our net lease cost:

	For the years ended December 31,
(In thousands)	2021		2020
Operating lease cost	$	638	$	593
Net lease cost	$	638	$	593

The table below summarizes the cash and non-cash activities associated with our leases:

	For the years ended December 31,
(In thousands)	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	614	$	570
ROU assets obtained in exchange for new operating lease liabilities	$	3,138	$	41

Summary of Other Information for Operating Leases

The table below summarizes other information related to our operating leases:

(In thousands, except percentages and years)	December 31, 2021			December 31, 2020
Weighted average remaining lease term in years		11.40			5.96
Weighted average discount rate		3.20	%		5.45	%
Operating lease right-of-use assets	$	5,249		$	2,365

Summary of Maturity of Remaining Lease Liabilities

The table below summarizes the maturity of remaining lease liabilities:

(In thousands)	December 31, 2021
2022	$	681
2023		617
2024		572
2025		589
2026		595
2027 and thereafter		3,104
Total lease payments	$	6,158
Less: Interest		(827)
Present value of lease liabilities	$	5,331