Lease Commitments (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of operating lease financial position

The following table shows lease right of use assets and lease liabilities as of June 30, 2019.


	Statement of Financial Condition classification	June 30, 2019
Operating lease right of use asset	Other Assets	$	2,990

Operating lease liabilities	Other Liabilities	$	3,005

Schedule of components of operating lease expense

The following table shows the components of operating leases expense for the three and six months ended June 30, 2019.


		Three Months Ended		Six Months Ended
	Statement of Income classification	June 30, 2019		June 30, 2019
Operating lease cost	Net occupancy expenses and equipment expenses	$	159	$	305
Short-term lease cost	Net occupancy expenses and equipment expenses		22		53
Variable lease cost	Net occupancy expenses		41		85
Total operating lease cost		$	222	$	443

Schedule of minimum rental commitments

The following table shows future minimum rental commitments for all noncancelable operating leases for the next five years and thereafter.


Remaining 2019	$	407
2020		753
2021		619
2022		530
2023		333
Thereafter		1,215
Total lease payments	$	3,857
Less: present value discount		852
Present value of lease liabilities	$	3,005

Schedule of lease information

The following table shows the weighted average remaining lease term, the weighted average discount rate and supplemental Consolidated Statement of Cash Flows information for operating leases at June 30, 2019.


	June 30, 2019
Weighted average remaining lease term		11.10	years
Weighted average discount rate		3.71	%
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from leases	$	390