Leases (Tables)

12 Months Ended

Dec. 31, 2020

The following tables present information about the Company’s leases:

(dollars in thousands)	December 31, 2020
Lease liabilities	$	1,378
Right-of-use assets	$	1,364
Weighted average remaining lease term	4.59 years
Weighted average discount rate		1.76	%

Lease Cost

	Years Ended December 31,
Lease cost (in thousands)	2020		2019
Operating lease cost	$	380	$	336
Total lease cost	$	380	$	336

Cash paid for amounts included in the measurement of lease liabilities	$	377	$	331

Maturity of Operating Lease Liabilities

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

	As of
Lease payments due (in thousands)	December 31, 2020
Twelve months ending December 31, 2021	$	352
Twelve months ending December 31, 2022		339
Twelve months ending December 31, 2023		248
Thereafter		549
Total undiscounted cash flows	$	1,488
Discount		(110	)
Lease liabilities	$	1,378