Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases

Schedule of right-of-use assets and lease liabilities

		September 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	$	8,168	$	8,343
Finance lease right-of-use assets	Land, premises and equipment, net		231		318
Total lease right-of-use assets		$	8,399	$	8,661
Lease Liabilities
Operating lease liabilities	Operating lease liabilities	$	8,671	$	8,864
Finance lease liabilities	Long-term debt		484		640
Total lease liabilities		$	9,155	$	9,504

Schedule of weighted average remaining lease term and average discount rate

	September 30,		December 31,
	2020		2019
Weighted-average remaining lease term, years
Operating leases	5.5		6.2
Finance leases	0.8		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				Nine months ended
	September 30,				September 30,
(dollars in thousands)	2020		2019		2020		2019
Lease costs
Operating lease cost	$	634	$	602	$	1,825	$	1,772
Variable lease cost		223		222		888		633
Short-term lease cost		102		122		304		416
Finance lease cost
Interest on lease liabilities		10		14		33		45
Amortization of right-of-use assets		29		29		87		87
Sublease income		(57)		(65)		(175)		(202)
Net lease cost	$	941	$	924	$	2,962	$	2,751
Other information
Cash paid for amounts included in the measurement of lease liabilities operating cash flows from operating leases	$	628	$	600	$	1,807	$	1,774
Right-of-use assets obtained in exchange for new operating lease liabilities		—		—		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 September 30, 2020 were as follows:

	Finance		Operating
(dollars in thousands)	Leases		Leases
Twelve months ended
September 30, 2021	$	251	$	2,179
September 30, 2022		251		2,095
September 30, 2023		21		1,832
September 30, 2024		—		1,065
September 30, 2025		—		707
Thereafter		—		1,753
Total future minimum lease payments	$	523	$	9,631
Amounts representing interest		(39)		(960)
Total operating lease liabilities	$	484	$	8,671

Schedule of future minimum payments for operating leases

	Finance		Operating
(dollars in thousands)	Leases		Leases
Twelve months ended
September 30, 2021	$	251	$	2,179
September 30, 2022		251		2,095
September 30, 2023		21		1,832
September 30, 2024		—		1,065
September 30, 2025		—		707
Thereafter		—		1,753
Total future minimum lease payments	$	523	$	9,631
Amounts representing interest		(39)		(960)
Total operating lease liabilities	$	484	$	8,671