Leases (Tables)

9 Months Ended

Sep. 30, 2019

The following table represents the consolidated balance sheet classification of the Company’s ROU assets and lease liabilities. The Company elected not to include short-term leases (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the consolidated balance sheet (dollars in thousands):



		September 30,
	Classification	2019
Assets:
Operating lease right-of-use assets	Other assets	$	2,134
Liabilities:
Operating lease liabilities	Other liabilities	$	2,150

Summary of Lease Costs and Other Information

The following table represents lease costs and other lease information, in thousands. As the Company elected, for all classes of underlying assets, not to separate lease and non-lease components and instead to account for them as a single lease component, the variable lease cost primarily represents variable payments such as common area maintenance (in thousands).



	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2019		2019
Lease costs:
Operating lease costs	$	149	$	464
Short-term lease costs	2		13
Variable lease costs	23		69
Total	$	174	$	546
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	145	$	447

Summary of Future Minimum Payments

Future minimum payments for operating leases with initial or remaining terms of one year or more as of September 30, 2019 were as follows (in thousands):



	Amounts
September 30, 2020	$	521
September 30, 2021	487
September 30, 2022	250
September 30, 2023	140
September 30, 2024	67
Thereafter	685
Total future minimum lease payments	2,150
Amounts representing interest	(311		)
Present value of net future minimum lease payments	$	1,839