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Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases  
Schedule of leases

 

 

 

 

 

 

 

March 31,

 

 

 

2020

 

 

(Dollars in thousands)

Operating Lease Cost (Cost resulting from lease payments)

 

$

1,769

Operating Lease - Operating Cash Flows (Fixed Payments)

 

$

1,190

Operating Lease - ROU assets

 

$

38,098

Operating Lease - Liabilities

 

$

38,098

Weighted Average Lease Term - Operating Leases

 

 

8.64 years

Weighted Average Discount Rate - Operating Leases

 

 

4.52%

 

Schedule of maturity analysis shows the undiscounted cash flows due on the Company’s operating lease liabilities

 

 

 

 

 

 

(Dollars in thousands)

2020

 

$

4,420

2021

 

 

5,029

2022

 

 

5,448

2023

 

 

4,812

2024

 

 

4,575

Thereafter

 

 

22,663

    Total undiscounted cash flows

 

 

46,947

Discount on cash flows

 

 

(8,849)

    Total lease liability

 

$

38,098