LEASE OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2020

LEASE OBLIGATIONS

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 December 31, 2020 and 2019 ($ in thousands):

	December 31,			December 31,
	2020			2019
Right-of-use assets:
Operating leases	$	5,969		$	6,518
Finance leases, net of accumulated depreciation		2,658			—
Total right-of-use assets	$	8,627		$	6,518
Lease liabilities:
Operating lease	$	6,031		$	6,518
Finance lease		2,281			—
Total lease liabilities	$	8,312		$	6,518
Weighted average remaining lease term
Operating leases		4.4 years			5.0 years
Finance leases		11.2 years			—
Weighted average discount rate
Operating leases		2.3	%		2.5	%
Finance leases		2.0	%		—	%

Schedule of lease costs

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

	December 31,
	2020		2019
Operating lease cost	$	1,763	$	898
Finance lease cost:
Interest on lease liabilities		7		—
Amortization of right-of-use		183		—
Net lease cost	$	1,953	$	898

Schedule of maturity of remaining of lease liabilities

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

	December 31, 2020
	Operating Leases		Finance Leases
2021	$	1,741	$	193
2022		1,574		220
2023		1,058		220
2024		846		220
2025		666		220
Thereafter		480		1,460
Total lease payments		6,365		2,533
Less: Interest		(334)		(252)
Present value of lease liabilities	$	6,031	$	2,281

	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		—