Leases (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
Lease Costs	2020		2019			2020	2019
Operating lease costs	$	635	$	584	$	1,255	$	1,117
Variable lease costs		131		119		302		230
Short-term lease costs		15		8		30		23
Sublease income		-		-		-		-
Net lease cost	$	781	$	711	$	1,587	$	1,370
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating lease cash flows – Fixed payments	$	612	$	570	$	1,223	$	1,083
Operating lease cash flows – Liability reduction		534		490		1,064		953
Right of use assets obtained during the period in exchange for operating lease liabilities		—		764		128		764
Weighted average lease term (in years)		6.44		6.81		6.44		6.81
Weighted average discount rate		3.06%		3.04%		3.06%		3.04%

Schedule of future rent commitments

Rent commitments were as follows (dollars in thousands):

		Six Months Ended
		June 30, 2020
Remainder of 2020	$	1,218
2021		1,814
2022		1,411
2023		1,254
2024		1,022
Thereafter		2,876
Amounts representing interest		(994)
Present value of net future minimum lease payments	$	8,601