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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of ROU Asset and Lease Liabilities

The following table presents the ROU assets and lease liabilities as of the date stated. ROU assets and lease liabilities are included in premises and equipment, net, and other liabilities, respectively, in the consolidated balance sheets.  

 

 

December 31, 2019

 

Operating lease right-of-use assets

$

4,285

 

Operating lease liabilities

$

4,598

 

Schedule Weighted Average Remaining Lease Term and Discount Rate Associated with Operating Leases

The following table presents the weighted average remaining lease term and discount rate associated with operating leases as of the date stated.

 

 

December 31, 2019

 

Weighted average remaining lease term

9 years

 

Weighted average discount rate

 

3.10

%

Maturity Analysis of Operating Lease Liabilities

The following table presents a maturity analysis of operating lease liabilities for the five years ending subsequent to December 31, 2019 and in total thereafter.

 

2020

 

$

961

 

2021

 

 

995

 

2022

 

 

619

 

2023

 

 

370

 

2024

 

 

380

 

Thereafter

 

 

1,908

 

Total

 

 

5,233

 

Less interest

 

 

(635

)

Lease liability

 

$

4,598

 

Supplemental Cash Flow Information Related to Leases

The following table presents supplemental cash flow information related to operating leases for the period stated.

 

 

For the Year Ended

 

 

December 31, 2019

 

Cash paid for amount included in the measurement of lease liabilities:

 

 

 

Operating cash outflows from operating leases

$

990

 

Right-of-use assets obtained in exchange for new operating lease liabilities

$

1,557

 

Schedule of Future Minimum Lease Payments Required Under Long-Term Non-Cancelable Lease Agreements Under ASC 840

The following table presents future minimum lease payments required under the long-term non-cancelable lease agreements in effect as of December 31, 2018 under ASC 840.

2019

 

$

748

 

2020

 

 

696

 

2021

 

 

751

 

2022

 

 

590

 

2023

 

 

351

 

Thereafter

 

 

2,053

 

Total future minimum lease payments

 

$

5,189