Long-Term Debt

12 Months Ended

Dec. 31, 2016

Long-Term Debt

Long-Term Debt

11. Long‑Term Debt

Long‑term debt consisted of the following at December 31, 2016 and 2015:

	December 31,
(dollars in thousands)	2016		2015
Capital lease (1)	$	41	$	48
Total long-term debt	$	41	$	48

⁽¹⁾ Interest is payable monthly.

At December 31, 2016 and 2015, the Company had a capital lease obligation with a 6.78% interest rate that matures in 2021.

At December 31, 2016, future contractual principal payments on long‑term debt were as follows:

	Principal
(dollars in thousands)	Payments
Year ending December 31:
2017	$	7
2018		8
2019		8
2020		9
2021		9
Total	$	41