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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Summary of Balance Sheet Information Related To Operating Leases

The balance sheet information related to our operating leases were as follows as of December 31, 2019:

 

 

 

Classification on the Consolidated Balance Sheet

 

December 31, 2019

 

Assets:

 

 

 

 

 

 

Operating lease

 

Other assets

 

$

3,273

 

Liabilities:

 

 

 

 

 

 

Operating lease

 

Accrued expenses and other liabilities

 

$

3,273

 

Summary of Cost Components of Operating Leases

The cost components of our operating leases were as follows for the period ended December 31, 2019:

 

 

 

December 31, 2019

 

Lease cost

 

 

 

 

Operating lease cost

 

$

429

 

Short-term lease cost

 

 

262

 

Sublease income

 

 

(49

)

Total lease cost

 

$

642

 

Summary of Maturity of Operating Lease Liabilities

Maturities of our lease liabilities for all operating leases for each of the next five years and thereafter is as follows:

 

2020

 

$

511

 

2021

 

 

497

 

2022

 

 

438

 

2023

 

 

430

 

2024

 

 

422

 

Thereafter

 

 

1,381

 

Total lease payments

 

$

3,679

 

Less: Imputed Interest

 

 

406

 

Present value of lease liabilities

 

$

3,273

 

The Company leases certain branch properties, office space and equipment under operating leases. Rent expense was $642, $579, and $558 for 2019, 2018 and 2017, respectively. Rent commitments, before considering renewal options that are generally present, at December 31, 2019 were as follows:

 

2020

 

$

660

 

2021

 

 

367

 

2022

 

 

293

 

2023

 

 

215

 

2024

 

 

206

 

Thereafter

 

 

595

 

Total

 

$

2,336

 

 

Summary of Weighted Average Remaining Lease Terms And Discount Rates For Operating Leases

The weighted average remaining lease terms and discount rates for all of our operating leases were as follows as of December 31, 2019:

 

Weighted-average remaining lease term - operating leases (years)

 

 

6.25

 

Weighted-average discount rate - operating leases

 

 

2.92

%