Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases

Schedule of lease costs and other lease information

The following tables represents lease costs and other lease information for the periods presented (dollars in thousands): 

	Three Months Ended March 31,
Lease Costs	2019
Operating lease costs	$	533
Variable lease costs		111
Short-term lease costs		15
Sublease income		-
Net lease cost	$	659
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating lease cash flows – Fixed payments	$	513
Operating lease cash flows – Liability reduction		463
Right of use assets obtained during the period in exchange for operating lease liabilities		—
Weighted average lease term (in years)		8.33
Weighted average discount rate		3.11%

Schedule of future rent commitments

Rent commitments were as follows (dollars in thousands):

	Three Months Ended March 31,
	2019
2019	$	1,628
2020		2,094
2021		1,573
2022		1,406
2023		1,249
Thereafter		4,498
Amounts representing interest		(1,466)
Present value of net future minimum lease payments	$	10,982