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Lease Commitment
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Lessee Operating Leases [Text Block]
NOTE 10: LEASE COMMITMENTS
 
We lease certain
 
office facilities and equipment under operating leases.
 
Rent expense for all operating leases totaled $
0.2
million for both the years ended December 31, 2020 and 2019.
 
On January 1, 2019, we adopted a new accounting standard
which required the recognition of certain operating leases on our
 
balance sheet as lease right of use assets (reported as
component of other assets) and related lease liabilities (reported
 
as a component of accrued expenses and other liabilities).
 
Aggregate lease right of use assets were $
788
 
thousand and $
785
 
thousand at December 31, 2020 and 2019, respectively.
 
Aggregate lease liabilities were $
811
 
thousand and $
788
 
thousand at December 31, 2020 and 2019, respectively.
 
Rent
expense includes amounts related to items that are not included
 
in the determination of lease right of use assets including
expenses related to short-term leases totaling $
0.1
 
million for the year ended December 31, 2020.
 
Lease payments under operating leases that were applied to
 
our operating lease liability totaled $
112
 
thousand during the
year ended December 31, 2020. The following table reconciles
 
future undiscounted lease payments due under non-
cancelable operating leases (those amounts subject to recognition) to
 
the aggregate operating lease liability as of December
31, 2020.
Future lease
(Dollars in thousands)
payments
2021
$
127
2022
120
2023
120
2024
120
2025
111
Thereafter
300
Total undiscounted operating
 
lease liabilities
$
898
Imputed interest
87
Total operating lease liabilities
 
included in the accompanying consolidated balance sheets
$
811
Weighted-average
 
lease terms in years
7.68
Weighted-average
 
discount rate
3.02
%