Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Analysis of Leased Property under Finance Leases

		Asset Balance at
		December 31,
(dollars in thousands)	2019		2018
Equipment	$	397	$	375
Less accumulated depreciation and amortization		(117)		(42)
Leased property under finance leases, net	$	280	$	333

Schedule of Future Minimum Lease Payments under Finance Leases

(dollars in thousands)	Amount
2020	$	82
2021		82
2022		82
2023		56
2024		-
2025 and thereafter		-
Total minimum lease payments (a)		302
Less amount representing interest (b)		(16)
Present value of net minimum lease payments	$	286

(a) The future minimum lease payments have not been reduced by estimated executory costs (such as taxes and maintenance) since this amount was deemed immaterial by management.

(b) Amount necessary to reduce net minimum lease payments to present value calculated at the Company’s incremental borrowing rate upon lease inception.

Schedule of Lease Costs and Other Information

(dollars in thousands)		December 31, 2019
Lease cost
Finance lease cost:
Amortization of right-of-use assets	$	75
Interest on lease liabilities		10
Operating lease cost		431
Short-term lease cost		18
Variable lease cost		(1)
Total lease cost	$	533
Other information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from finance leases	$	10
Operating cash flows from operating leases (Fixed payments)	$	349
Operating cash flows from operating leases (Liability reduction)	$	85
Financing cash flows from finance leases	$	73
Right-of-use assets obtained in exchange for new finance lease liabilities	$	6,189
Right-of-use assets obtained in exchange for new operating lease liabilities	$	22
Weighted-average remaining lease term - finance leases		3.67 yrs
Weighted average remaining lease term - operating leases		23.88 yrs
Weighted-average discount rate - finance leases		3.07%
Weighted-average discount rate - operating leases		3.78%

Schedule of Future Minimum Lease Payments under Operating Leases

(dollars in thousands)	Amount
2020	$	397
2021		402
2022		408
2023		411
2024		413
2025 and thereafter		8,069
Total future minimum lease payments		10,100
Plus variable payment adjustment		97
Less amount representing interest		(3,641)
Present value of net future minimum lease payments	$	6,556

Schedule of Undiscounted Cash Flows to be Received

(dollars in thousands)	Amount
2020	$	194
2021		189
2022		60
2023		48
2024		51
2025 and thereafter		135
Total lease payments to be received	$	677

Schedule of Lease Income

	For the years ended December 31,
(dollars in thousands)	2019		2018
Lease income - direct finance leases
Interest income on lease receivables	$	683	$	580
Lease income - operating leases		239		217
Total lease income	$	922	$	797