Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.2
Leases (Tables)
6 Months Ended
Jun. 30, 2021
Leases  
Schedule of future minimum lease payments, excluding expense reimbursements, under noncancelable operating leases

The following table presents information about the amount and timing of the liability arising from the Company’s operating lease as of June 30, 2021 ($ in thousands):

Operating

Lease

Maturity of Lease Liability

Liability

2021 (remainder of year)

    

$

104

2022

 

207

2023

 

207

2024

207

2025

 

207

Thereafter

1,428

Total undiscounted operating lease payments

$

2,360

Less: Imputed interest

 

(335)

Present value of operating lease liability

$

2,025

Weighted average remaining lease term

9.6 years

Weighted average discount rate

3.0

%

Schedule of Summary of supplemental cash flows information related to leases

Supplemental cash flows information related to leases was as follows ($ in thousands):

June 30, 

    

2021

Cash paid for amounts included in the measurement of lease liability:

Operating cash flows from operating lease

$

109

Change in right-of-use asset/liability due to lease amendments

$

1,275