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Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Schedule of Information about Leases

 

The following tables present information about the Company’s leases at the dates indicated:

 

(Dollars in thousands)

 

September 30, 2019

 

Lease liability

 

$

5,188

 

Right-of-use asset

 

$

5,180

 

Weighted average remaining lease term

 

8.98 years

 

Weighted average discount rate

 

 

3.54

%

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(In thousands)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Lease Expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease expense

 

$

200

 

 

NR*

 

 

$

610

 

 

NR*

 

Short-term lease expense

 

 

5

 

 

NR*

 

 

 

11

 

 

NR*

 

Total lease expense

 

$

205

 

 

$

175

 

 

$

621

 

 

$

521

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in lease liabilities

 

$

165

 

 

NR*

 

 

$

533

 

 

NR*

 

 

*Not reportable

Maturity Schedule of Undiscounted Cash Flows Contribute to Lease Liability

 

 

 

The following table presents a maturity schedule of undiscounted cash flows that contribute to the lease liability at September 30, 2019:

 

(In thousands)

 

 

 

 

Undiscounted Cash Flow

 

September 30, 2019

 

Three months ending December 31, 2019

 

$

111

 

Twelve months ending December 31, 2020

 

 

670

 

Twelve months ending December 31, 2021

 

 

682

 

Twelve months ending December 31, 2022

 

 

694

 

Twelve months ending December 31, 2023

 

 

707

 

Twelve months ending December 31, 2024

 

 

646

 

Thereafter

 

 

2,603

 

Total undiscounted cash flows

 

$

6,113

 

Less:  Discount

 

 

(925

)

Lease liability

 

$

5,188