Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Leases Balance Sheet Information

Balance sheet information related to leases was as follows (in thousands):

	September 30, 2019
Operating leases:
Operating lease right-of-use assets	$	10,046
Operating lease liabilities	$	10,478

Additional information related to leases was as follows:

	September 30, 2019
Weighted average remaining lease term (in years)	12.2
Weighted average discount rate	3.81	%

Lease Expense

The components of lease cost were as follows (in thousands):

	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Operating lease cost	$	400	$	1,189

Supplemental cash flow information related to leases was as follows (in thousands):

	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of the lease liabilities:
Operating cash flows from operating leases	$	359	$	1,059
Right-of-use assets obtained in exchange for new operating lease liabilities	$	537	$	1,191

Lessee, Operating Lease, Liability, Maturity

Future minimum rental commitments due under non-cancelable operating leases at September 30, 2019 were as follows (in thousands):

Year ending December 31,
2019 (excluding the nine months ended September 30, 2019)	$	281
2020	1,456
2021	1,343
2022	1,232
2023	1,083
2024 and thereafter	8,126
Total lease payments (1)	13,521
Less: Interest	(3,043		)
Present value of lease liabilities	$	10,478

(1)

Excludes $9.1 million of lease payments for a lease executed but not yet commenced. Lease will commence in 2020 with a lease term of 20.4 years.

Gross Rental Income

Gross rental income from these leases were as follows (in thousands):

	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Gross rental income	$	767	$	2,254

Lessor, Operating Lease, Payments to be Received, Maturity

At September 30, 2019, non-cancelable operating leases with future minimum lease payments are as follows (in thousands):

Year ending December 31,
2019 (excluding the nine months ended September 30, 2019)	$	715
2020	2,847
2021	1,646
2022	1,580
2023	1,344
2024 and thereafter	4,119
Total lease payments	$	12,251