Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases

Schedule of right-of-use assets and lease liabilities

		June 30,		December 31,
(dollars in thousands)		2020		2019
Lease Right-of-Use Assets	Classification
Operating lease right-of-use assets	Operating lease right-of-use assets	$	8,746	$	8,343
Finance lease right-of-use assets	Land, premises and equipment, net		260		318
Total lease right-of-use assets		$	9,006	$	8,661
Lease Liabilities
Operating lease liabilities	Operating lease liabilities	$	9,254	$	8,864
Finance lease liabilities	Long-term debt		537		640
Total lease liabilities		$	9,791	$	9,504

Schedule of weighted average remaining lease term and average discount rate

	June 30,		December 31,
	2020		2019
Weighted-average remaining lease term, years
Operating leases	5.8		6.2
Finance leases	2.1		2.8
Weighted-average discount rate
Operating leases	2.8	%	3.1	%
Finance leases	7.8	%	7.8	%

Schedule of lease costs and other lease information

	Three months ended				Six months ended
	June 30,				June 30,
(dollars in thousands)	2020		2019		2020		2019
Lease costs
Operating lease cost	$	568	$	598	$	1,191	$	1,170
Variable lease cost		468		211		665		410
Short-term lease cost		107		260		202		465
Finance lease cost
Interest on lease liabilities		11		16		23		31
Amortization of right-of-use assets		29		29		58		58
Sublease income		(52)		(68)		(118)		(139)
Net lease cost	$	1,131	$	1,046	$	2,021	$	1,995
Other information
Cash paid for amounts included in the measurement of lease liabilities operating cash flows from operating leases		561		597	$	1,179	$	1,174
Right-of-use assets obtained in exchange for new operating lease liabilities		1,348		—		1,531		—
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 June 30, 2020 were as follows:

	Finance		Operating
(dollars in thousands)	Leases		Leases
Twelve months ended
June 30, 2021	$	251	$	2,293
June 30, 2022		251		2,085
June 30, 2023		84		1,981
June 30, 2024		—		1,255
June 30, 2025		—		738
Thereafter		—		1,913
Total future minimum lease payments	$	586	$	10,265
Amounts representing interest		(49)		(1,011)
Total operating lease liabilities	$	537	$	9,254

Schedule of future minimum payments for operating leases

	Finance		Operating
(dollars in thousands)	Leases		Leases
Twelve months ended
June 30, 2021	$	251	$	2,293
June 30, 2022		251		2,085
June 30, 2023		84		1,981
June 30, 2024		—		1,255
June 30, 2025		—		738
Thereafter		—		1,913
Total future minimum lease payments	$	586	$	10,265
Amounts representing interest		(49)		(1,011)
Total operating lease liabilities	$	537	$	9,254