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Leases (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Schedule of Operating Lease Costs and Additional Information

The following table presents the operating lease costs and additional information for the three and nine months ended September 30, 2020 and 2019.

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(Dollars in thousands)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Operating lease costs

 

$

596

 

 

$

531

 

 

$

1,788

 

 

$

1,593

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

 

632

 

 

 

556

 

 

 

1,994

 

 

 

1,680

 

Right-of-use asset obtained in exchange for lease liability

 

 

(14

)

 

 

29

 

 

 

(42

)

 

 

(1

)

Schedule of Breakout of Operating leases

The following table presents the breakout of the operating leases as of September 30, 2020 and December 31, 2019.

 

(Dollars in thousands)

 

September 30, 2020

 

 

December 31, 2019

 

Operating lease right-of-use assets

 

$

11,944

 

 

$

13,482

 

Other current liabilities

 

 

2,086

 

 

 

2,085

 

Operating lease liabilities

 

 

11,159

 

 

 

12,738

 

Total operating lease liabilities

 

 

13,245

 

 

 

14,823

 

Weighted average remaining lease term

 

6.6 years

 

 

7.3 years

 

Weighted average discount rate

 

 

5.55

%

 

 

5.54

%

Schedule of Maturities of the Lease Liabilities

 

At September 30, 2020, maturities of the lease liabilities were as follows:

 

(Dollars in thousands)

 

 

 

 

Remainder of 2020

 

$

644

 

2021

 

 

2,474

 

2022

 

 

2,406

 

2023

 

 

2,356

 

2024

 

 

2,373

 

Thereafter

 

 

5,911

 

Total lease payments

 

$

16,164

 

Less imputed interest

 

 

2,919

 

Total operating lease liabilities

 

$

13,245