Leases

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Leases

Leases

Lease expenses for offices are included in the consolidated condensed statements of income in net occupancy expense and lease expenses for equipment and ATMs are included in equipment expense. Components of lease expense for the three and nine months ended September 30, 2020 were as follows (in thousands):

	Three Months Ended September 30,			Nine Months Ended  September 30,
	2020		2019	2020	2019
Operating lease expense	$	168	140	469	420
Short-term lease expense	12		11	39	37
Variable lease expense	1		3	8	8
Other	1		1	7	4
Total lease expense	$	182	155	523	469

Other information related to leases at September 30, 2020 were as follows (dollars in thousands):

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	420
Right-of-use assets obtained in exchange for new operating lease liabilities	$	653
Weighted average remaining lease term in years for operating leases	36.2
Weighted average discount rate for operating leases	3.57		%