Lease (Tables)

9 Months Ended

Sep. 30, 2020

The following tables present information about the Company’s leases:

(dollars in thousands)
	September 30, 2020			December 31, 2019
Lease liabilities	$	4,138		$	3,680
Right-of-use assets	$	4,047		$	3,618
Weighted average remaining lease term	18 years			20 years
Weighted average discount rate		3.35	%		3.62	%

	Nine Months Ended
Lease Cost	September 30, 2020			September 30, 2019
Operating lease cost	$	222		$	196
Variable lease cost		—			—
Short-term lease cost		12			12
Total lease cost	$	234		$	208

Cash paid for amounts included in the measurement of lease liabilities	$	184		$	150

Lessee, Operating Lease, Liability, Maturity

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

	As of
Lease payments due	September 30, 2020
Twelve months ending September 30, 2021	$	293
Twelve months ending September 30, 2022		321
Twelve months ending September 30, 2023		323
Twelve months ending September 30, 2024		326
Twelve months ending September 30, 2025		387
Thereafter		4,081
Total undiscounted cash flows	$	5,731
Discount		(1,593	)
Lease liabilities	$	4,138