Leases (Tables)

12 Months Ended

Dec. 31, 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):


		December 31,
	Classification	2019
Assets:
Operating lease right-of-use assets	Other assets	$	5,470
Liabilities:
Operating lease liabilities	Other liabilities	$	5,479

Summary of Lease Costs and Other Information

The following table represents lease costs and other lease information as of December 31, 2019, 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).


	2019
Lease costs:
Operating lease costs	$	703
Short-term lease costs	12
Variable lease costs	95
Total	$	810
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	693

Schedule of Remaining Minimum Lease Payments

Future minimum payments for operating leases with initial or remaining terms of one year or more as of December 31, 2019 were as follows (in thousands):



2020	$	898
2021	773
2022	594
2023	445
2024	366
Thereafter	3,382
Total future minimum lease payments	6,458
Amounts representing interest	(979)
Present value of net future minimum lease payments	$	5,479