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Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases  
Schedule of right-of-use assets and lease liabilities

 

 

 

 

 

 

 

    

    

    

September 30, 

(dollars in thousands)

 

 

 

2019

Lease Right-of-Use Assets

 

Classification

 

 

 

Operating lease right-of-use assets

 

Operating lease right-of-use assets

 

$

8,877

Finance lease right-of-use assets

 

Land, premises and equipment, net

 

 

347

Total lease right-of-use assets

 

 

 

$

9,224

Lease Liabilities

 

  

 

 

  

Operating lease liabilities

 

Operating lease liabilities

 

$

9,401

Finance lease liabilities

 

Long-term debt

 

 

690

Total lease liabilities

 

 

 

$

10,091

 

Schedule of weighted average remaining lease term and average discount rate

 

 

 

 

 

September 30, 

 

 

2019

 

Weighted-average remaining lease term, years

 

 

 

Operating leases

 

6.5

 

Finance leases

 

3.1

 

Weighted-average discount rate

 

  

 

Operating leases

 

3.2

%

Finance leases

 

7.8

%

 

Schedule of lease costs and other lease information

 

 

 

 

 

 

 

 

    

Three months ended

    

Nine months ended

(dollars in thousands)

    

September 30, 2019

 

September 30, 2019

Lease costs

 

 

 

 

 

  

Operating lease cost

 

$

602

 

$

1,772

Variable lease cost

 

 

222

 

 

633

Short-term lease cost

 

 

122

 

 

416

Finance lease cost

 

 

 

 

 

  

Interest on lease liabilities

 

 

14

 

 

45

Amortization of right-of-use assets

 

 

29

 

 

87

Sublease income

 

 

(65)

 

 

(202)

Net lease cost

 

$

924

 

$

2,751

Other information

 

 

 

 

 

  

Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases

 

 

600

 

 

1,774

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

 —

 

 

 —

Right-of-use assets obtained in exchange for new finance lease liabilities

 

 

 —

 

 

 —

 

Schedule of future minimum payments for finance leases

Future minimum payments for finance and operating leases with initial or remaining terms of one year or more as of September 30, 2019 were as follows:

 

 

 

 

 

 

 

 

 

September 30, 2019

 

 

Finance

 

Operating

(dollars in thousands)

    

Leases

    

Leases

2020

 

$

251

 

$

2,291

2021

 

 

251

 

 

1,676

2022

 

 

251

 

 

1,579

2023

 

 

20

 

 

1,506

2024

 

 

 —

 

 

1,061

Thereafter

 

 

 —

 

 

2,460

Total future minimum lease payments

 

$

773

 

$

10,573

Amounts representing interest

 

 

(83)

 

 

(1,172)

Total operating lease liabilities

 

$

690

 

$

9,401

 

Schedule of future minimum payments for operating leases

 

 

 

 

 

 

 

 

 

September 30, 2019

 

 

Finance

 

Operating

(dollars in thousands)

    

Leases

    

Leases

2020

 

$

251

 

$

2,291

2021

 

 

251

 

 

1,676

2022

 

 

251

 

 

1,579

2023

 

 

20

 

 

1,506

2024

 

 

 —

 

 

1,061

Thereafter

 

 

 —

 

 

2,460

Total future minimum lease payments

 

$

773

 

$

10,573

Amounts representing interest

 

 

(83)

 

 

(1,172)

Total operating lease liabilities

 

$

690

 

$

9,401