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LEASES (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Summary of Future Minimum Lease Payments under Non-Cancellable Leases

 

Future minimum lease payments under non-cancellable leases with initial or remaining lease terms in excess of one year at
September 30, 2019 are as follows:

 

 

Year

(Dollars in thousands)

 

Remainder of 2019

$

326

 

2020

 

1,252

 

2021

 

1,014

 

2022

 

779

 

2023

 

424

 

2024 and thereafter

 

1,626

 

Total lease payments

 

5,421

 

Less:  Interest

 

(485

)

Present value of lease liabilities

$

4,936

 

 

 

Rent expense was $294,000 and $836,000 for the three and nine months ended September 30, 2018.  Rent commitments under noncancelable operating leases for offices were as follows as of December 31, 2018, before considering renewal options that generally are present:

 

Year

(Dollars in thousands)

 

2019

$

1,085

 

2020

 

949

 

2021

 

892

 

2022

 

651

 

2023

 

346

 

Thereafter

 

867

 

     Total

$

4,790