Leases (Tables)

9 Months Ended

Sep. 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		Nine Months Ended
Lease Costs	September 30, 2019		September 30, 2019
Operating lease costs	$	619	$	1,736
Variable lease costs		133		363
Short-term lease costs		46		69
Sublease income		-		-
Net lease cost	$	798	$	2,168
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating lease cash flows – Fixed payments	$	605	$	1,688
Operating lease cash flows – Liability reduction		526		1,479
Right of use assets obtained during the period in exchange for operating lease liabilities		159		923
Weighted average lease term (in years)		6.73		6.73
Weighted average discount rate		3.04%		3.04%

Schedule of future rent commitments

Rent commitments were as follows (dollars in thousands):

	September 30, 2019
2019	$	613
2020		2,386
2021		1,763
2022		1,375
2023		1,217
Thereafter		3,895
Amounts representing interest		(1,148)
Present value of net future minimum lease payments	$	10,101