Leases (Tables)

3 Months Ended

Mar. 31, 2020

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	2020		2019
Operating lease costs	$	620	$	533
Variable lease costs		171		111
Short-term lease costs		15		15
Sublease income		-		-
Net lease cost	$	806	$	659
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating lease cash flows – Fixed payments	$	611	$	513
Operating lease cash flows – Liability reduction		530		463
Right of use assets obtained during the period in exchange for operating lease liabilities		128		—
Weighted average lease term (in years)		6.51		8.33
Weighted average discount rate		3.05%		3.11%

Schedule of future rent commitments

Rent commitments were as follows (dollars in thousands):

		Three Months Ended
		March 31, 2020
Remainder of 2020	$	1,830
2021		1,814
2022		1,411
2023		1,254
2024		1,022
Thereafter		2,876
Amounts representing interest		(1,057)
Present value of net future minimum lease payments	$	9,150