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Premises, Equipment and Leases (Tables)
12 Months Ended
Dec. 31, 2019
Premises, Equipment and Leases [Abstract]  
Summary of Premises and Equipment



 

 

 

 

 

 

 

 



(dollars in thousands)

 

 

2019 

 

 

2018 

 



Land

 

$

5,093 

 

$

4,829 

 



Buildings and improvements

 

 

26,874 

 

 

26,172 

 



Financing lease right-of-use assets

 

 

1,134 

 

 

 



Equipment

 

 

23,056 

 

 

21,519 

 



 

 

 

56,157 

 

 

52,520 

 



Less accumulated depreciation/amortization

 

 

(30,190)

 

 

(27,796)

 



 Premises and equipment, net

 

$

25,967 

 

$

24,724 

 



Components of Lease Expense



 

 

 

 

 



 

 

 

 

 



 

 

 

Twelve months ended



 

 

 

December 31, 2019



 

(dollars in thousands)

 

 



 

Operating lease cost

 

$

760 



 

 

 

 

 



 

Finance lease cost:

 

 

 



 

Amortization of right-of-use assets

 

$

69 



 

Interest on lease liability

 

 

53 



 

Total finance lease cost

 

$

122 



 

 

 

 

 



 

Total lease cost

 

$

882 



Supplemental Cash Flow Information Related to Leases



 

 

 

 

 



 

 

 

 

 



 

 

 

Twelve months ended



 

 

 

December 31, 2019



 

 

 

 

 



 

Operating cash flows from operating leases

 

$

783 



 

Operating cash flows from financing leases

 

 

53 



 

Financing cash flows from financing leases

 

 

40 



 

 

 

 

 



 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 



 

Operating leases

 

 

1,019 



 

Finance leases

 

 



Supplemental Balance Sheet Information Related to Leases



 

 

 

 

 



 

 

 

 

 



 

 

 

 

December 31,



 

 

 

 

2019 



 

Assets:

 

 

 



 

Operating leases right-of-use assets

 

$

3,021 



 

Finance leases assets

 

 

1,134 



 

Total lease assets

 

$

4,155 



 

 

 

 

 



 

Liabilities:

 

 

 



 

Operating

 

$

3,184 



 

Financing

 

 

1,322 



 

Total lease liabilities

 

$

4,506 



 

 

 

 

 



 

Weighted Average Remaining Lease Term (years)

 

 

 



 

Operating leases

 

 

5.6 



 

Finance leases

 

 

24.2 



 

 

 

 

 



 

Weighted Average Discount Rate

 

 

 



 

Operating leases

 

 

2.72% 



 

Finance leases

 

 

3.69% 



Future Minimum Payments for Financing Leases and Operating Leases



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

Year Ending December 31,

 

 

Operating Leases

 

Finance Leases



 

2020

 

$

767 

$

74 



 

2021

 

 

706 

 

75 



 

2022

 

 

545 

 

75 



 

2023

 

 

491 

 

75 



 

2024

 

 

413 

 

75 



 

Thereafter

 

 

507 

 

1,668 



 

Total lease payments

 

 

3,429 

 

2,042 



 

Less imputed interest

 

 

(245)

 

(720)



 

Total

 

$

3,184 

$

1,322