Leases (Tables)

6 Months Ended

Jun. 30, 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		Six Months Ended
Lease Costs	June 30, 2019		June 30, 2019
Operating lease costs	$	584	$	1,117
Variable lease costs		119		230
Short-term lease costs		8		23
Sublease income		-		-
Net lease cost	$	711	$	1,370
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating lease cash flows – Fixed payments	$	570	$	1,083
Operating lease cash flows – Liability reduction		490		953
Right of use assets obtained during the period in exchange for operating lease liabilities		764		764
Weighted average lease term (in years)		6.81		6.81
Weighted average discount rate		3.04%		3.04%

Schedule of future rent commitments

Rent commitments were as follows (dollars in thousands):

	June 30, 2019
2019	$	1,150
2020		2,342
2021		1,730
2022		1,375
2023		1,217
Thereafter		3,896
Amounts representing interest		(1,179)
Present value of net future minimum lease payments	$	10,531