RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2019

RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES

Summary of operating lease expense

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
(dollars in thousands)	2019		2019
Operating lease expense:
Related Party:
Variable lease expense	$	1,164	$	3,478
Fixed lease expense		10		28
Third Party:
Variable lease expense		210		644
Fixed lease expense		392		1,137
Short-term lease expense		14		40
Total operating lease expense	$	1,790	$	5,327
Other information concerning operating leases:
Cash paid for amounts included in the measurement of operating lease liabilities	$	1,795	$	5,372
Short-term lease payments not included in the measurement of lease liabilities		14		40

Schedule of weighted average remaining term and weighted average discount rate for operating leases

	September 30, 2019
Weighted average remaining term in years		8.15
Weighted average discount rate		3.48	%

Schedule of operating lease liabilities

Year (in thousands)	Related Party		Third Party		Total
Remainder of 2019	$	1,157	$	633	$	1,790
2020		4,585		2,452		7,037
2021		4,171		2,233		6,404
2022		3,310		1,826		5,136
2023		3,310		1,301		4,611
Thereafter		15,910		2,263		18,173
Total undiscounted cash flows	$	32,443	$	10,708	$	43,151
Discount applied to cash flows		(4,784)		(976)		(5,760)
Total discounted cash flows reported as operating lease liabilities	$	27,659	$	9,732	$	37,391