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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases  
Schedule of lease costs and other lease information

The following tables represents lease costs and other lease information for the periods presented (dollars in thousands):

Year Ended

Lease Costs

    

December 31, 2019

Operating lease costs

$

2,364

Variable lease costs

 

432

Short-term lease costs

84

Sublease income

-

Net lease cost

$

2,880

Other information

Cash paid for amounts included in the measurement of lease liabilities:

Operating lease cash flows – Fixed payments

$

2,296

Operating lease cash flows – Liability reduction

 

2,010

Right of use assets obtained during the period in exchange for operating lease

liabilities

923

Weighted average lease term (in years)

7.20

Weighted average discount rate

3.08%

Schedule of future rent commitments

Rent commitments were as follows (dollars in thousands):

December 31, 2019

2020

$

2,408

2021

 

1,781

2022

1,378

2023

1,221

2024

1,022

Thereafter

2,876

Amounts representing interest

(1,134)

Present value of net future minimum lease payments

$

9,552