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Leases (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Summary of Information Related to Leases

The following table sets forth information related to our leases as of the periods indicated.

 

 

 

September 30

 

 

December 31

 

 

Dollars in thousands

 

2020

 

 

2019

 

 

Right of use asset

 

$

13,027

 

 

$

11,701

 

 

Weighted average discount rate

 

 

2.30

%

 

 

2.92

%

 

Weighted average remaining maturity (months)

 

 

70

 

 

 

34

 

 

 

 

 

 

 

 

 

 

 

 

The following table sets for operating lease expense for the periods indicated:

 

 

September 30

 

 

In thousands

 

2020

 

 

2019

 

 

Three months ended

 

$

1,400

 

 

$

1,403

 

 

Nine months ended

 

 

4,285

 

 

 

4,425

 

 

Summary of Future Minimum Lease Payments

The following table sets forth required future minimum lease payments for the years indicated:

 

 

In thousands

 

 

 

 

 

 

 

2020

 

 

 

$

1,222

 

 

2021

 

 

 

 

4,259

 

 

2022

 

 

 

 

2,836

 

 

2023

 

 

 

 

1,417

 

 

2024

 

 

 

 

972

 

 

Thereafter

 

 

 

 

4,339