Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Information about Leases

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

(dollars in thousands)	March 31, 2021
Lease liabilities	$	1,277
Right-of-use assets	$	1,260
Weighted average remaining lease term	4.34 years
Weighted average discount rate		1.76	%

Lease Cost

	Three Months Ended March 31,
Lease cost (in thousands)	2021		2020
Operating lease cost	$	104	$	88
Total lease cost	$	104	$	88
Cash paid for amounts included in the measurement of lease liabilities	$	139	$	84

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:

Lease payments due (in thousands)	As of March 31, 2021
Nine months ending December 31, 2021	$	213
Twelve months ending December 31, 2022		339
Twelve months ending December 31, 2023		248
Twelve months ending December 31, 2024		240
Thereafter		309
Total undiscounted cash flows	$	1,349
Discount		(72	)
Lease liabilities	$	1,277