LEASES (Tables)

3 Months Ended

Mar. 31, 2020

LEASES

Schedule of lease components

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

	March 31,
	2020
Operating leases
Operating lease right-of-use assets	$	9,312
Less: Accumulated amortization		(985)
Net operating lease right-of-use assets	$	8,327
Operating lease liabilities - current	$	(6,355)
Operating lease liabilities - noncurrent		(1,921)
Total operating lease liabilities	$	(8,276)
Operating leases
Weighted average remaining lease term (years)		9.3
Weighted average discount rate		3.75%

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	$	6,430
Year 2		526
Year 3		364
Year 4		334
Year 5		284
Thereafter		779
Total lease payments	$	8,717
Less imputed interest		(441)
Total	$	8,276