Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2019

Premises and Equipment [Abstract]

Summary of premises and equipment by major classification

Premises and equipment are summarized by major classification as follows at December 31:

	2019		2018
	(dollars in thousands)
Land	$	1,537	$	1,537
Building		29,834		29,755
Leasehold improvements		3,015		2,792
Furniture, fixtures, and equipment		3,718		3,178
Total, at cost		38,104		37,262
Less: Accumulated depreciation and amortization		(15,960)		(14,517)
Net premises and equipment	$	22,144	$	22,745

Summary of consolidated statements of financial condition classification of our ROU assets and lease liabilities

	(in thousands)
Lease ROU assets	$	2,538
Lease liabilities		2,597

Summary of lease cost

		(in thousands)
Operating lease costs	$	433
Variable lease cost		—
Total lease cost	$	433

Summary of future minimum payments for finance leases and operating leases

Lease payments due in years ended December 31:	(in thousands)
2020	$	357
2021		348
2022		346
2023		288
2024		259
Thereafter		1,572
Total future minimum lease payments		3,170
Amounts representing interest		(573)
Present value of net future minimum lease payments	$	2,597

Minimum future annual rental income from leases

Our minimum future annual rental income on such leases is as follows as of December 31, 2019:

Years Ended December 31,	(in thousands)
2020	$	708
2021		712
2022		470
2023		442
2024		201
Thereafter		52
	$	2,585