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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of Information about Leases

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

 

(Dollars in thousands)

 

December 31, 2019

 

Lease liability

 

$

5,124

 

Right-of-use asset

 

$

5,045

 

Weighted average remaining lease term

 

8.73 years

 

Weighted average discount rate

 

 

3.54

%

 

(In thousands)

 

 

 

2019

 

 

2018

 

 

2017

 

Lease Expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease expense

 

 

 

$

804

 

 

$

686

 

 

$

679

 

Short-term lease expense

 

 

 

 

15

 

 

 

13

 

 

14

 

Total lease expense

 

 

 

$

819

 

 

$

699

 

 

$

693

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in lease liabilities

 

 

 

$

644

 

 

NR*

 

 

NR*

 

*Not reportable

Schedule of Maturity Lease Liability

Maturities of the Company’s lease liabilities are set forth in the table below.

 

(In thousands)

 

December 31, 2019

 

2020

 

$

670

 

2021

 

 

682

 

2022

 

 

694

 

2023

 

 

707

 

2024

 

 

646

 

Thereafter

 

 

2,604

 

Total undiscounted cash flows

 

 

6,003

 

Less:  Discount

 

 

(879

)

Total

 

$

5,124