Leases (Tables)

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Information about Leases

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

(dollars in thousands)	September 30, 2021
Lease liabilities	$	1,121
Right-of-use assets	$	1,098
Weighted average remaining lease term	3.81 years
Weighted average discount rate		1.71	%

Lease Cost

	Three Months Ended September 30,				Nine Months Ended September 30,
Lease cost (in thousands)	2021		2020		2021		2020
Operating lease cost	$	81	$	99	$	266	$	278
Total lease cost	$	81	$	99	$	266	$	278
Cash paid for amounts included in the measurement of lease liabilities	$	82	$	97	$	269	$	274

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 September 30, 2021
Three months ending December 31, 2021	$	83
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	$	1,219
Discount		(98	)
Lease liabilities	$	1,121