Leases

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Leases

Note 8: Leases

For the three and nine months ended September 30, 2020, operating lease expense totaled $226 thousand and $678 thousand, respectively.  

The following table presents the right-of-use (“ROU”) assets and lease liabilities as of the date stated. ROU assets and lease liabilities are included in other assets and other liabilities, respectively, in the Company’s consolidated balance sheets.  

	September 30, 2020
Operating lease right-of-use assets	$	3,708
Current operating lease liabilities		867
Noncurrent lease liabilities		3,091
Total operating lease liabilities	$	3,958

The following table presents the weighted average remaining lease term and discount rate associated with operating leases as of the date stated.

	September 30, 2020
Weighted average remaining lease term - operating leases	8 years
Weighted average discount rate - operating leases		3.13	%

The following table presents a maturity analysis of operating lease liabilities for the five years ending subsequent to September 30, 2020 and in total thereafter.

2020	$	220
2021		995
2022		619
2023		370
2024		380
Thereafter		1,908
Total		4,492
Less interest		(534	)
Lease liability	$	3,958

The following table presents supplemental cash flow information related to operating leases for the periods stated.

	For the Nine Months Ended
	September 30, 2020		September 30, 2019
Cash paid for amount included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	746	$	744
Right-of-use assets obtained in exchange for new operating lease liabilities		—		1,304