Lease Commitment (Tables)

6 Months Ended

Jun. 30, 2019

Lease Commitments

Schedule of supplemental lease information

Supplemental lease information at or for the six months ended June 30, 2019 is as follows:

Balance Sheet	Dollars in Thousands
Right-of-use asset classified as premises and equipment	$	3,385
Lease liability classified as other liabilities		3,413
Income Statement
Operating lease cost classified as premises and equipment	$	243
Weighted average lease term, in years		7.80
Weighted average discount rate (1)		3.27	%
Operating cash flows	$	250

(1) The discount rate was developed by using the fixed rate credit advance borrowing rate at the Federal Home Loan Bank of Atlanta for a term correlating to the remaining life of each lease. Management believes this rate closely mirrors its incremental borrowing rate for similar terms.

Schedule of maturities of lease liabilities

(1)

A maturity analysis of the Company's lease liabilities at June 30, 2019 was as follows:

	Dollars in Thousands
One year or less	$	—
One to three years		120
Three to five years		—
Over 5 years		3,777
Total lease payments		3,897
Less: Interest		(484)
Present value of lease liabilities	$	3,413