Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Analysis of Leased Property under Finance Leases

		Asset Balance at December 31,
(dollars in thousands)	2020		2019
Equipment	$	485	$	397
Less accumulated depreciation and amortization		(202)		(117)
Leased property under finance leases, net	$	283	$	280

Schedule of Future Minimum Lease Payments under Finance Leases

(dollars in thousands)	Amount
2021	$	101
2022		101
2023		74
2024		17
2025		8
2026 and thereafter		-
Total minimum lease payments (a)		301
Less amount representing interest (b)		(10)
Present value of net minimum lease payments	$	291

(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)	2020		2019
Lease cost
Finance lease cost:
Amortization of right-of-use assets	$	85	$	75
Interest on lease liabilities		8		10
Operating lease cost		540		431
Short-term lease cost		18		18
Variable lease cost		(2)		(1)
Total lease cost	$	649	$	533
Other information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from finance leases	$	8	$	10
Operating cash flows from operating leases (Fixed payments)	$	496	$	349
Operating cash flows from operating leases (Liability reduction)	$	250	$	85
Financing cash flows from finance leases	$	83	$	73
Right-of-use assets obtained in exchange for new finance lease liabilities	$	88	$	22
Right-of-use assets obtained in exchange for new operating lease liabilities	$	1,338	$	6,189
Weighted-average remaining lease term - finance leases		3.12 yrs		3.67 yrs
Weighted average remaining lease term - operating leases		21.30 yrs		23.88 yrs
Weighted-average discount rate - finance leases		2.52%		3.07%
Weighted-average discount rate - operating leases		3.56%		3.78%

Schedule of Future Minimum Lease Payments under Operating Leases

(dollars in thousands)	Amount
2021	$	527
2022		505
2023		508
2024		511
2025		517
2026 and thereafter		8,381
Total future minimum lease payments		10,949
Plus variable payment adjustment		264
Less amount representing interest		(3,569)
Present value of net future minimum lease payments	$	7,644

Schedule of Undiscounted Cash Flows to be Received

(dollars in thousands)	Amount
2021	$	211
2022		68
2023		48
2024		51
2025		54
2026 and thereafter		81
Total lease payments to be received	$	513

Schedule of Lease Income

	For the years ended December 31,
(dollars in thousands)	2020		2019		2018
Lease income - direct finance leases
Interest income on lease receivables	$	722	$	683	$	580
Lease income - operating leases		236		239		217
Total lease income	$	958	$	922	$	797