Operating Leases (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of amounts related to operating lease assets

The following table presents amounts relevant to the Company's assets leased for use in its operations for the year ended December 31, 2019:



	(In Thousands)
Operating cash flows from operating leases	505
Right of use assets obtained in exchange for new operating lease liabilities	—

The following table presents the weighted-average remaining lease terms and discount rates of the Company's assets leased for use in its operations at December 31, 2019:



Weighted-average remaining lease term of operating leases (in years)	13.8
Weighted-average discount rate of operating leases	3.5%

Schedule of minimum annual lease payments under non-cancelable operating leases

The minimum annual lease payments under non-cancelable operating leases with initial or remaining terms of one year or more through the initial lease term are as follows:



	December 31,
Twelve-month period ending:	(In thousands)
2020	$	385
2021	376
2022	304
2023	309
2024	324
Thereafter	2,947
Total minimum payments required	$	4,645
Less imputed interest	989
Present value of lease liabilities	$	3,656