Leases

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Leases

Leases:

The Company has operating leases for branch office locations, vehicles and certain office equipment such as printers, copiers and faxes. The leases have remaining lease terms of 6 months to 11 years, some of which include options to extend the lease for up to 10 years and some of which include options to terminate the leases within 6 months.

The right of use asset and lease liability as of June 30, 2019 was $3.4 million.

Lease payments made for the three and six month period ended June 30, 2019 were $146 thousand and $292 thousand, respectively. Interest expense and amortization expense on finance leases for the three month period ended June 30, 2019 was $26 thousand and $89 thousand, and $53 thousand and $177 thousand for the six month period ended June 30, 2019.  The weighted-average remaining lease term for all leases was 6.9 years as of June 30, 2019 and the weighted-average discount rate was 3.4%.

Maturities of lease liabilities are as follows as of June 30, 2019:

2019 (6 months)	$	292
2020		590
2021		592
2022		474
2023		419
Thereafter		1,664
Total Payments		4,031
Less: Imputed Interest		(613	)
Total	$	3,418