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Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Summary of lease cost

The components of lease cost (included in occupancy expense on the Consolidated Statements of Income) are as follows for the three months ended March 31, 2020 and 2019:

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Three Months Ended

Lease cost:

 

March 31, 2020

 

March 31, 2019

Operating lease cost

 

$

343

 

$

308

Short-term lease cost

 

 

 8

 

 

46

Total lease cost

 

$

351

 

$

354

 

Supplemental information related to operating leases

The following table provides supplemental information related to operating leases at or for the three months ended March 31, 2020 and 2019:

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement

 

At or For the Three Months Ended

 

At or For the Three Months Ended

of lease liabilities:

 

March 31, 2020

 

March 31, 2019

Operating cash flows from operating leases

 

$

336

 

 

$

334

 

Weighted average remaining lease term- operating leases

 

 

5.2

years

 

 

5.8

years

Weighted average discount rate- operating leases

 

 

2.97

%

 

 

3.08

%

 

Summary of maturities of operating lease liabilities

 

Maturities of operating lease liabilities at March 31, 2020 for future periods are as follows:

 

 

 

 

 

    

 

 

Remainder of 2020

 

$

944

2021

 

 

1,169

2022

 

 

1,065

2023

 

 

674

2024

 

 

614

Thereafter

 

 

884

Total lease payments

 

 

5,350

Less imputed interest

 

 

(452)

Total

 

$

4,898