Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases

Net Lease Cost

The table below summarizes our net lease cost:

	For the three months ended March 31,
(In thousands)	2021		2020
Operating lease cost	$	149	$	148
Net lease cost	$	149	$	148

The table below summarizes the cash and non-cash activities associated with our leases:

	For the three months ended March 31,
(In thousands)	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	145	$	141
ROU assets obtained in exchange for new operating lease liabilities	$	—	$	—

Summary of Other Information for Operating Leases

The table below summarizes other information related to our operating leases:

(In thousands, except percentages and years)	March 31, 2021			December 31, 2020
Weighted average remaining lease term in years		5.81			5.96
Weighted average discount rate		5.47	%		5.45	%
Operating lease right-of-use assets	$	2,247		$	2,365

Summary of Maturity of Remaining Lease Liabilities

The table below summarizes the maturity of remaining lease liabilities:

(In thousands)	March 31, 2021
2021 (excluding the three months ended March 31, 2021)	$	411
2022		477
2023		410
2024		361
2025		371
2026 and thereafter		664
Total lease payments	$	2,694
Less: Interest		(392)
Present value of lease liabilities	$	2,302