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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases  
Schedule of right-of-use assets and lease liabilities

 

 

 

 

 

 

 

    

    

    

December 31, 

(dollars in thousands)

 

 

 

2019

Lease Right-of-Use Assets

 

Classification

 

 

 

Operating lease right-of-use assets

 

Operating lease right-of-use assets

 

$

8,343

Finance lease right-of-use assets

 

Land, premises and equipment, net

 

 

318

Total lease right-of-use assets

 

 

 

$

8,661

Lease Liabilities

 

  

 

 

  

Operating lease liabilities

 

Operating lease liabilities

 

$

8,864

Finance lease liabilities

 

Long-term debt

 

 

640

Total lease liabilities

 

 

 

$

9,504

 

Schedule of weighted average remaining lease term and average discount rate

 

 

 

 

 

 

December 31, 

 

 

    

2019

 

Weighted-average remaining lease term, years

 

 

 

Operating leases

 

6.2

 

Finance leases

 

2.8

 

Weighted-average discount rate

 

  

 

Operating leases

 

3.1

%

Finance leases

 

7.8

%

 

Schedule of lease costs and other lease information

 

 

 

 

 

    

Year ended

(dollars in thousands)

    

December 31, 2019

Lease costs

 

 

  

Operating lease cost

 

$

2,378

Variable lease cost

 

 

819

Short-term lease cost

 

 

535

Finance lease cost

 

 

  

Interest on lease liabilities

 

 

58

Amortization of right-of-use assets

 

 

116

Sublease income

 

 

(270)

Net lease cost

 

$

3,636

Other information

 

 

  

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

 

 

2,376

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 December 31, 2019 are as follows:

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

Finance

 

Operating

(dollars in thousands)

    

Leases

    

Leases

2020

 

$

251

 

$

2,197

2021

 

 

251

 

 

1,560

2022

 

 

209

 

 

1,563

2023

 

 

 —

 

 

1,488

2024

 

 

 —

 

 

898

Thereafter

 

 

 —

 

 

2,272

Total future minimum lease payments

 

$

711

 

$

9,978

Amounts representing interest

 

 

(71)

 

 

(1,114)

Total operating lease liabilities

 

$

640

 

$

8,864

 

Schedule of future minimum payments for operating leases

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

Finance

 

Operating

(dollars in thousands)

    

Leases

    

Leases

2020

 

$

251

 

$

2,197

2021

 

 

251

 

 

1,560

2022

 

 

209

 

 

1,563

2023

 

 

 —

 

 

1,488

2024

 

 

 —

 

 

898

Thereafter

 

 

 —

 

 

2,272

Total future minimum lease payments

 

$

711

 

$

9,978

Amounts representing interest

 

 

(71)

 

 

(1,114)

Total operating lease liabilities

 

$

640

 

$

8,864