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Leases
9 Months Ended
Sep. 30, 2020
Leases  
Leases

Note 11 — Leases

The Company leases certain buildings, land and equipment that are classified as operating leases. These leases have remaining lease terms of up to approximately 3 years.  In the third quarter and nine months of 2020 and 2019, operating lease cost and cash paid for operating lease liabilities totaled $257 and $411, respectively, and $751 and $746, respectively, which is classified in cash flows from operating activities.  As of September 30, 2020 and 2019, operating lease right-of-use assets and operating lease liabilities were both $1,062 and $1,770, respectively. The weighted-average remaining lease term related to these operating leases was 1.0 years and 1.9 years as of September 30, 2020 and 2019, respectively. The weighted-average discount rate related to the Company’s operating leases was 3.0% and 3.1% as of September 30, 2020 and 2019, respectively. Maturities of the Company’s operating lease liabilities at September 30, 2020 are as follows: $249 in 2020, $721 in 2021, $88 in 2022 and $4 in 2023.

The Company, as lessor, rents certain commercial real estate to third party lessees. The September 30, 2020 and 2019 cost related to these leased properties was $36,378 and $36,362, respectively, and the accumulated depreciation related to these leased properties was $10,794 and $10,071, respectively. Terms of such leases, including renewal options, may be extended for up to sixty years, many of which provide for periodic adjustment of rent payments based on changes in consumer or other price indices. The Company recognizes lease income on a straight-line basis over the lease term. Lease income in third quarter and nine months 2020 and 2019 was $802 and $733, respectively, and $2,328 and $2,232, respectively, and is classified in cash flows from operating activities.