Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Components of Operating Leases

The cost components of our operating leases follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(In thousands)				(In thousands)
Operating lease cost	$	395	$	565	$	1,357	$	1,692
Variable lease cost		16		43		52		115
Short-term lease cost		10		4		26		14
Total	$	421	$	612	$	1,435	$	1,821

Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to our operating leases follows:

	September 30, 2020			December 31, 2019
	(Dollars in thousands)
Lease right of use asset (1)	$	6,713		$	8,282
Lease liabilities (2)	$	6,945		$	8,304
Weighted average remaining lease term (years)		6.84			7.47
Weighted average discount rate		2.6	%		2.8	%

(1) Included in Accrued income and other assets in our Condensed Consolidated Statements of Financial Condition.

(2) Included in Accrued expenses and other liabilities in our Condensed Consolidated Statements of Financial Condition.

Maturity Analysis of Lease Liabilities

Maturity analysis of our lease liabilities at September 30, 2020 based on required contractual payments follows:

	(In thousands)
Three months ending December 31, 2020	$	408
2021		1,505
2022		1,324
2023		1,101
2024		692
2025 and thereafter		2,576
Total lease payments		7,606
Less imputed interest		(661	)
Total	$	6,945