Leases (Tables)

12 Months Ended

Dec. 31, 2020

The components of lease expense for the year ended December 31, 2020 were as follows:

(in thousands)	Year Ended December 31, 2020		Year Ended December 31, 2019
Finance lease cost:
Amortization of right-of-use assets – finance leases	$	50	$	52
Interest on lease liabilities – finance leases		53		54
Total finance lease cost		103		106

Short-term lease cost		294		306
Operating lease cost		1,769		1,773

Sublease income		253		257

Total lease cost	$	1,913	$	1,928

Supplemental cash flow information related to CTBI’s operating and finance leases for the year ended December 31, 2020 was as follows:

(in thousands)	Year Ended December 31, 2020			Year Ended December 31, 2019
Finance lease – operating cash flows	$	53		$	54
Finance lease – financing cash flows	$	15		$	14
Operating lease – operating cash flows (fixed payments)	$	1,682		$	1,665
Operating lease – operating cash flows (liability reduction)	$	1,198		$	0
New right-of-use assets – operating leases	$	0		$	9
Weighted average lease term – financing leases	25.02 years			26.02 years
Weighted average lease term – operating leases	13.46 years			13.84 years
Weighted average discount rate – financing leases		3.70	%		3.70	%
Weighted average discount rate – operating leases		3.43	%		3.45	%

Maturities of lease liabilities as of December 31, 2020 are as follows: