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Leases (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Additional information regarding real estate operating lease
Additional information regarding the Company’s real estate operating lease is as follows.
 
Three Months Ended June 30, 2020
 
Six Months Ended June 30, 2020
 
($ in thousands)
Lease cost:
 
 
 
Operating lease
$
62

 
$
124

Other information on operating lease:
 
 
 
Cash payments included in the measurement of lease liability reported in operating cash flows
71

 
142

Right-of-use assets (1)
845

 
845

Operating lease liability (2)
845

 
845

Weighted average discount rate
3.9
%
 
3.9
%
Weighted average remaining lease term in years
3.25 years

 
3.25 years

(1) Included in “other assets” on the Company’s consolidated balance sheet.
(2) Included in “other liabilities” on the Company’s consolidated balance sheet.
Contractual maturity of lease obligations
The following tables present the contractual maturity of the Company’s lease liability:
 
June 30, 2020
 
($ in thousands)
Remainder of 2020
142

2021
283

2022
283

2023
189

Total undiscounted lease payments
897

Less: present value adjustment
(52
)
Operating lease liability
845