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Lease Commitments (Tables)
3 Months Ended
Mar. 31, 2019
Lease Commitments [Abstract]  
Schedule of operating lease financial position

The following table shows lease right of use assets and lease liabilities as of March 31, 2019.

 

 

 

 

 

 

Statement of Financial Condition classification

 

March 31, 2019

Operating lease right of use asset

Other Assets

 

$

3,391

 

 

 

 

 

Operating lease liabilities

Other Liabilities

 

$

3,413

 

Schedule of components of operating lease expense

The following table shows the components of operating leases expense for the three months ended March 31, 2019.

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Statement of Income classification

 

March 31, 2019

Operating lease cost

Net occupancy expenses and equipment expenses

 

$

214

Short-term lease cost

Net occupancy expenses and equipment expenses

 

 

32

Variable lease cost

Net occupancy expenses

 

 

37

Total operating lease cost

 

 

$

283

 

 

 

 

 

 

Schedule of minimum rental commitments

The following table shows future minimum rental commitments for all noncancelable operating leases for the next five years and thereafter.

 

 

 

 

 

2019

 

$

675

2020

 

 

829

2021

 

 

662

2022

 

 

518

2023

 

 

402

Thereafter

 

 

1,185

Total lease payments

 

$

4,271

Less: imputed interest

 

 

858

Present value of lease liabilities

 

$

3,413

 

 

 

 

 

Schedule of lease information

The following table shows the weighted average remaining lease term, the weighted average discount rate and supplemental Consolidated Statement of Cash Flows information for operating leases at March 31, 2019.

 

 

 

 

 

 

 

 

March 31, 2019

Weighted average remaining lease term

 

 

14.22

years

Weighted average discount rate

 

 

3.66

%

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

Operating cash flows from leases

 

$

252