Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Schedule of Assets and Liabilities

The following table shows finance lease right of use assets and finance lease liabilities as of June 30, 2020:

(In Thousands)	Statement of Financial Condition classification	June 30, 2020		December 31, 2019
Finance lease right of use assets	Premises and equipment, net	$	5,356	$	5,456
Finance lease liabilities	Long-term borrowings	5,552		5,587

Schedule of Lease Cost, Term and Discount Rate

The following table shows the components of finance and operating lease expense for the three and six months ended June 30, 2020 and 2019:

	Three Months Ended June 30,				Six Months Ended June 30,
(In Thousands)	2020		2019		2020		2019
Finance Lease Cost:
Amortization of right-of-use asset	$	50	$	64	$	100	$	129
Interest expense	53		56		106		112
Operating lease cost	76		84		167		172
Variable lease cost	—		1		—		2
Total Lease Cost	$	179	$	205	$	373	$	415

The following table shows the weighted average remaining lease term and weighted average discount rate for both operating and finance leases outstanding as of June 30, 2020.

	Operating		Finance
Weighted-average term (years)	18.6		27.2
Weighted-average discount rate	3.51	%	3.77	%

Schedule of Operating Lease Liability Maturities

A maturity analysis of operating and finance lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows:

(In Thousands)	Operating			Finance
2020	$	144		$	140
2021	291			282
2022	298			283
2023	273			284
2024	263			290
2025 and thereafter	3,176			8,004
Total undiscounted cash flows	4,445			9,283
Discount on cash flows	(1,182		)	(3,731		)
Total lease liability	$	3,263		$	5,552

Schedule of Finance Lease Liability Maturities

A maturity analysis of operating and finance lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows:

(In Thousands)	Operating			Finance
2020	$	144		$	140
2021	291			282
2022	298			283
2023	273			284
2024	263			290
2025 and thereafter	3,176			8,004
Total undiscounted cash flows	4,445			9,283
Discount on cash flows	(1,182		)	(3,731		)
Total lease liability	$	3,263		$	5,552