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Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Schedule of Operating Lease Costs and Additional Information

The following table presents the operating lease costs and additional information for the three months ended March 31, 2020 and 2019.

 

(Dollars in thousands)

 

2020

 

 

2019

 

Operating lease costs

 

$

596

 

 

$

531

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

 

692

 

 

 

587

 

Right-of-use asset obtained in exchange for lease liability

 

 

(14

)

 

 

(16

)

Schedule of Breakout of Operating leases

The following table presents the breakout of the operating leases as of March 31, 2020 and December 31, 2019.

 

(Dollars in thousands)

 

March 31, 2020

 

 

December 31, 2019

 

Operating lease right-of-use assets

 

$

12,973

 

 

$

13,482

 

Other current liabilities

 

 

2,112

 

 

 

2,085

 

Operating lease liabilities

 

 

12,186

 

 

 

12,738

 

Total operating lease liabilities

 

 

14,298

 

 

 

14,823

 

Weighted average remaining lease term

 

7.1 years

 

 

7.3 years

 

Weighted average discount rate

 

 

5.54

%

 

 

5.54

%

Schedule of Maturities of the Lease Liabilities

At March 31, 2020, maturities of the lease liabilities were as follows.

 

(Dollars in thousands)

 

 

 

 

Remainder of 2020

 

$

1,928

 

2021

 

 

2,473

 

2022

 

 

2,411

 

2023

 

 

2,356

 

2024

 

 

2,373

 

Thereafter

 

 

5,962

 

Total lease payments

 

$

17,503

 

Less imputed interest

 

 

3,205

 

Total operating lease liabilities

 

$

14,298