Leases (Tables)

9 Months Ended

Sep. 30, 2019

Right of Use Assets and Lease Liabilities

The following table details the Company’s right of use asset and the corresponding lease liability for the Company’s operating leases as of September 30, 2019 and the affected line item on the Consolidated Balance Sheet(in thousands):

Lease Type	Balance at September 30, 2019		Affected line item on the Consolidated Balance Sheet
Right of Use Assets
Operating	$	1,237	Other Assets

Lease Liabilities:
Operating	$	1,237	Other Liabilities

Lease Cost

The following table provides information related to the Company’s lease costs for the three and nine months ended September 30, 2019 (in thousands):

	September 30, 2019
Lease Cost	Three months Ended		Nine Months Ended
Operating lease cost	$	85	$	255
Variable lease cost		20		64
Total lease cost	$	105	$	319

Weighted Average Remaining Lease Term and Discount Rate

The following table displays the weighted average remaining lease term and the weighted average discount rate for the Company’s operating leases outstanding as of September 30, 2019:

	Operating
Weighted average term (years)	6.16
Weighted average discount rate	3.14%

Undiscounted Cashflows Due Related to Operating Leases

The following table provides the undiscounted cashflows related to operating leases as of September 30, 2019 along with a reconciliation to the discounted amount recorded on the September 30, 2019 Consolidated Balance Sheet (in thousands):

Undiscounted cash flows due within	Operating
Remaining 2019	$	84
2020		279
2021		238
2022		230
2023		142
2024		105
2025 and thereafter		291
Total undiscounted cash flows		1,369
Impact of present value discount		132
Amount reported on balance sheet	$	1,237