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OPERATING LEASES (Tables)
12 Months Ended
Dec. 31, 2019
OPERATING LEASES  
Schedule of components of lease cost

 

 

 

 

 

 

Year Ended

(Dollars in thousands)

    

December 31, 2019

Operating lease cost

 

$

2,169

Variable lease cost

 

 

190

Short-term lease cost

 

 

 —

Sublease income

 

 

 —

Total net lease cost

 

$

2,359

 

Schedule of Future maturities of the Company’s operating lease liabilities

 

 

 

 

(Dollars in thousands)

 

 

 

Year Ended :

    

Lease Liability

December 31, 2020

 

$

2,030

December 31, 2021

 

 

1,875

December 31, 2022

 

 

1,899

December 31, 2023

 

 

1,900

December 31, 2024

 

 

1,789

After December 31, 2024

 

 

4,517

Total lease payments

 

 

14,010

Less: interest discount

 

 

(1,534)

Present value of lease liabilities

 

$

12,476

 

Schedule Of Supplemental Lease Information

 

 

 

 

(Dollars in thousands)

 

 

 

Supplemental Lease Information

    

December 31, 2019

 

Weighted-average remaining lease term (years)

 

7.3

 

Weighted-average discount rate

 

3.14

%

 

 

 

 

 

 

 

Year Ended

 

    

December 31, 2019

Cash paid for amounts included in the measurement of lease liabilities:

 

 

  

Operating cash flows from operating leases (cash payments)

 

$

1,964

Operating cash flows from operating leases (lease liability reduction)

 

$

1,555

Operating lease right-of-use assets obtained in exchange for leases entered into during the period

 

$

13,610