XML 29 R46.htm IDEA: XBRL DOCUMENT

LEASES (Tables)

12 Months Ended

Dec. 31, 2019

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



	December 31, 2019
Operating leases:
Operating lease right-of-use assets	$	9,755
Operating lease liabilities	$	10,174

Additional information related to leases was as follows:



	December 31, 2019
Weighted average remaining lease term (in years)	12.2
Weighted average discount rate	3.82	%

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


(1)	Operating lease cost for the years ended December 31, 2018 and 2017, was prior to the adoption of ASU 2016-02, and was therefore in accordance with ASC Topic 840. See “Note 1 – Summary of Significant Accounting and Reporting Policies” for further information.

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



	Year Ended December 31, 2019
Cash paid for amounts included in the measurement of the lease liabilities:
Operating cash flows from operating leases	$	1,465
Right-of-use assets obtained in exchange for new operating lease liabilities	$	1,205

Future minimum rental commitments due under non-cancelable operating leases at December 31, 2019 were as follows (in thousands):



Year ending December 31,
2020	$	1,331
2021	1,343
2022	1,232
2023	1,089
2024	929
2025 and thereafter	7,197
Total lease payments ⁽¹⁾	13,121
Less: Interest	(2,947		)
Present value of lease liabilities	$	10,174


(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 from these leases were as follows (in thousands):

At December 31, 2019, non-cancelable operating leases with future minimum lease payments are as follows (in thousands):