LEASES (Tables)

12 Months Ended

Dec. 31, 2019

LEASES

Schedule of lease components

Our consolidated statements of financial position include the following lease components (dollars in thousands):

	December 31,
	2019
Operating leases
Operating lease right-of-use assets	$	8,376
Less: Accumulated amortization		(754)
Net operating lease right-of-use assets	$	7,622
Operating lease liabilities – current	$	(5,533)
Operating lease liabilities – noncurrent		(1,846)
Total operating lease liabilities	$	(7,379)
Operating leases
Weighted average remaining lease term (years)		9.5
Weighted average discount rate		3.80%

Schedule of expected minimum lease commitments under operating leases

Future expected minimum lease commitments under operating leases are as follows (dollars in thousands):

Year 1	$	5,660
Year 2		517
Year 3		319
Year 4		275
Year 5		240
Thereafter		856
Total lease payments	$	7,867
Less imputed interest		(488)
Total	$	7,379