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Commitments and Contingent Liabilities (Tables)
12 Months Ended
Dec. 31, 2019
Commitments and Contingent Liabilities  
Schedule of credit related commitments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31, 

 

    

2019

    

2018

 

 

 

Fixed Rate

 

 

 

Variable Rate

 

 

Fixed Rate

 

 

 

Variable Rate

Unused lines of credit

 

$

80

 

 

$

22,580

 

$

692

 

 

$

4,287

Standby letters of credit

 

 

1,338

 

 

 

 —

 

 

786

 

 

 

 —

Total credit related commitments

 

$

1,418

 

 

$

22,580

 

$

1,478

 

 

$

4,287

 

Schedule of maturities of operating lease liabilities

 

 

 

 

 

 

 

Year ending

 

 

 

December 31,

2020

 

$

581

2021

 

 

605

2022

 

 

620

2023

 

 

636

2024

 

 

652

Thereafter 

 

 

1,295

Total operating lease payments 

 

$

4,389

Less: interest

 

 

1,063

Present value of operating lease liabilities

 

$

3,326

 

Schedule of lease cost

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the year ended

 

 

    

December 31, 2019

 

Operating lease cost

 

$

500

 

Cash paid for operating lease liability

 

 

432

 

Weighted-average remaining lease term

 

 

6.88

years

Weighted-average discount rate

 

 

3.11

%