December 31,

2021

Weighted-average remaining term (in years) - operating leases

4.22

Weighted-average discount rate - operating leases (1)

4.00

%

(1) The incremental borrowing rate used to calculate the lease liability was determined based on facts and circumstances of the economic environment and the Company's credit standing as of the effective date of ASC 842. Additionally, the total lease term and total lease payments were also considered in determining the rate.

For the Year Ended

December 31,

2021

(Dollars in thousands)

Operating cash flows (fixed payments) included in occupancy and equipment expenses

$

2,243

Operating cash flows (liability reduction) included in occupancy and equipment expenses

1,850