Leases (Tables)

3 Months Ended

Mar. 31, 2021

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	2021			2020
Operating lease costs	$	564		$	620
Variable lease costs		174			171
Short-term lease costs		18			15
Total lease cost	$	756		$	806
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating lease cash flows – Fixed payments	$	546		$	611
Operating lease cash flows – Liability reduction		495			530
Right of use assets obtained during the period in exchange for operating lease liabilities		148			128
Weighted average lease term (in years)		5.83			6.51
Weighted average discount rate		2.80	%		3.05	%

Schedule of future undiscounted lease payments

Rent commitments were as follows (dollars in thousands):

	As of
	March 31,
	2021
Remainder of 2021	$	1,440
2022		1,604
2023		1,409
2024		974
2025		840
Thereafter		1,792
Amounts representing interest		(679)
Present value of net future minimum lease payments	$	7,380