COMMITMENTS & CONTINGENCIES (Tables)

9 Months Ended

Sep. 30, 2020

Commitments and Contingencies Disclosure [Abstract]

Schedule of maturities of operating lease liabilities

The table below details the Right of Use asset (net of accumulated amortization), lease liability and other information related to the Company's operating leases:

(dollars in thousands)	September 30, 2020			December 31, 2019
Operating Leases
Operating lease right of use asset, net	$	8,005		$	8,382
Operating lease liability	$	8,193		$	8,495
Weighted average remaining lease term	18.35 years			18.80 years
Weighted average discount rate	3.52		%	3.50		%
Remaining lease term - min	0.9 years			0.0 years
Remaining lease term - max	24.0 years			25.0 years

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

(dollars in thousands)	As of September 30, 2020
Lease payments due:
Within one year	$	696
After one but within two years	599
After two but within three years	610
After three but within four years	618
After four but within five years	646
After five years	8,284
Total undiscounted cash flows	$	11,453
Discount on cash flows	3,260
Total lease liability	$	8,193

Lease, Cost

The table below details the Company's lease cost, which is included in occupancy expense in the Unaudited Consolidated Statements of Income.

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands)	2020		2019		2020		2019
Operating lease cost	$	198	$	204	$	594	$	640
Cash paid for lease liability	$	175	$	181	$	521	$	549