LEASES (Tables)

6 Months Ended

Jun. 30, 2020

LEASES

Schedule of right-of-use assets and lease liabilities relating to the Company's operating and finance leases

The following table details balance sheet information, as well as weighted-average lease terms and discount rates, related to leases at June 30, 2020 and December 31, 2019 ($ in thousands).

	June 30, 2020			December 31, 2019
Right-of-use assets:
Operating leases	$	5,759		$	6,518
Finance leases, net of accumulated depreciation		2,780			—
Total right-of-use assets	$	8,539		$	6,518
Lease liabilities:
Operating lease	$	5,759		$	6,518
Finance lease		2,373			—
Total lease liabilities	$	8,132		$	6,518
Weighted average remaining lease term
Operating leases		4.7	years		6.2	years
Finance leases		11.4	years		—
Weighted average discount rate
Operating leases		2.6	%		3.1	%
Finance leases		2.5	%		—

Schedule of lease costs

The table below summarizes our net lease costs ($ in thousands):

	Three months ended				Six months ended
	June 30,				June 30,
	2020		2019		2020		2019
Operating lease cost	$	424	$	228	$	802	$	350
Finance lease cost:
Interest on lease liabiltiies		2		—		4		—
Amortization of right-of-use		2		—		4		—
Net lease cost	$	428	$	228	$	810	$	350

Schedule of minimum future lease payments

The table below summarizes the maturity of remaining lease liabilities at June 30, 2020 and December 31, 2019 ($ in thousands):

	June 30, 2020
	Operating Leases		Finance Leases
Remaining 2020	$	802	$	95
2021		1,527		175
2022		1,359		220
2023		844		220
2024		631		220
Thereafter		985		1,698
Total lease payments	$	6,148		2,628
Less: Interest		(389)		(255)
Present value of lease liabilities	$	5,759	$	2,373

	December 31, 2019
	Operating Leases		Finance Leases
2020	$	1,643	—
2021		1,527	—
2022		1,359	—
2023		844	—
2024		631	—
Thereafter		981	—
Total lease payments	$	6,985	—
Less: Interest		(467)	—
Present value of lease liabilities	$	6,518	—