Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Summary of Lease Assets and Liabilities

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 (in thousands):

		September 30,		December 31,
	Classification	2020		2019
Assets:
Operating lease right-of-use assets	Other assets	$	5,286	$	5,470
Liabilities:
Operating lease liabilities	Other liabilities	$	5,315	$	5,479

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,
	2020		2019		2020		2019
Lease costs:
Operating lease costs	$	272	$	149	$	779	$	464
Short-term lease costs		—		2		—		13
Variable lease costs		29		23		84		69
Total	$	301	$	174	$	863	$	546
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	264	$	145	$	759	$	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, 2020, were as follows (in thousands):

	Amounts
September 30, 2021	$	1,006
September 30, 2022		760
September 30, 2023		571
September 30, 2024		385
September 30, 2025		348
Thereafter		3,119
Total future minimum lease payments		6,189
Amounts representing interest		(874)
Present value of net future minimum lease payments	$	5,315