Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Lease Summary

The following table summarizes the Company’s leases:

	June 30, 2020					December 31, 2019
(Dollars in thousands)	Finance Leases			Operating Leases		Finance Leases		Operating Leases
ROU assets	$	5,618				6,537
Accumulated depreciation	(153)					(917)
Net ROU assets	$	5,465		45,131		5,620		41,453
Lease liabilities	$	5,559		47,807		5,671		43,904
Weighted-average remaining lease term	24 years			18 years		24 years		19 years
Weighted-average discount rate	2.9		%	3.6	%	3.0	%	3.7	%

Maturities of Lease Liabilities

Maturities of lease liabilities consist of the following:

	June 30, 2020
(Dollars in thousands)	Finance Leases		Operating Leases
Maturing within one year	$	251	4,388
Maturing one year through two years	258		4,272
Maturing two years through three years	264		3,808
Maturing three years through four years	270		3,507
Maturing four years through five years	277		3,453
Thereafter	6,658		47,744
Total lease payments	7,978		67,172
Present value of lease payments
Short-term	92		2,755
Long-term	5,467		45,052
Total present value of lease payments	5,559		47,807
Difference between lease payments and present value of lease payments	$	2,419	19,365

Components of Lease Expense

The components of lease expense consist of the following:

	Three Months ended			Six Months ended
(Dollars in thousands)	June 30, 2020		June 30, 2019	June 30, 2020	June 30, 2019
Finance lease cost
Amortization of ROU assets	$	58	16	115	32
Interest on lease liabilities	40		2	81	4
Operating lease cost	1,191		997	2,299	1,910
Short-term lease cost	88		119	178	228
Variable lease cost	328		222	713	421
Sublease income	(1)		(1)	(3)	(3)
Total lease expense	$	1,704	1,355	3,383	2,592

Supplemental Cash Flow Information

Supplemental cash flow information related to leases is as follows:

	Three Months ended
	June 30, 2020			June 30, 2019
(Dollars in thousands)	Finance Leases		Operating Leases	Finance Leases	Operating Leases
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows	$	40	673	2	497
Financing cash flows	21		N/A	21	N/A

	Six Months ended
	June 30, 2020			June 30, 2019
(Dollars in thousands)	Finance Leases		Operating Leases	Finance Leases	Operating Leases
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows	$	81	1,288	4	976
Financing cash flows	44		N/A	42	N/A