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Leases | 9 Months Ended
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Sep. 30, 2020
Leases |
Leases | Note 15: Leases ​ The Company has operating leases consisting primarily of equipment leases and real estate leases. The Company leases real estate property for banking centers, ATM locations, and office space with terms extending through 2032. As of September 30, 2020, the Company reported $7.3 million of right-of-use asset and $7.3 million lease liability in its unaudited Consolidated Balance Sheets. The following tables represents lease costs and other lease information for the periods presented (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended September 30, | ​ | Nine Months Ended September 30,
Lease Costs | 2020 | 2019 | ​ | ​ | 2020 | 2019
Operating lease costs | $ | 622 | ​ | $ | 619 | ​ | $ | 1,877 | ​ | $ | 1,736
Variable lease costs |  | 99 | ​ |  | 133 | ​ |  | 401 | ​ |  | 363
Short-term lease costs | ​ | 15 | ​ | ​ | 46 | ​ | ​ | 45 | ​ | ​ | 69
Sublease income | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Net lease cost | $ | 736 | ​ | $ | 798 | ​ | $ | 2,323 | ​ | $ | 2,168
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other information | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash paid for amounts included in the measurement of lease liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease cash flows – Fixed payments | $ | 616 | ​ | $ | 605 | ​ | $ | 1,839 | ​ | $ | 1,688
Operating lease cash flows – Liability reduction |  | 546 | ​ | ​ | 526 | ​ | ​ | 1,610 | ​ |  | 1,479
Right of use assets obtained during the period in exchange for operating lease liabilities | ​ | — | ​ | ​ | 159 | ​ | ​ | 128 | ​ | ​ | 923
Weighted average lease term (in years) | ​ | 6.43 | ​ | ​ | 6.73 | ​ | ​ | 6.43 | ​ | ​ | 6.73
Weighted average discount rate | ​ | 3.08% | ​ | ​ | 3.04% | ​ | ​ | 3.08% | ​ | ​ | 3.04%
​ At September 30, 2020, the Company was obligated under noncancelable operating leases for office space and other commitments. Rent expense under operating leases, included in net occupancy and equipment expense, was $0.7 million and $0.8 million for the three months ended September 30, 2020 and 2019, respectively and $2.3 million and $2.2 million for the nine months ended September 30, 2020 and 2019, respectively. ​ Rent commitments were as follows (dollars in thousands): ​
​ | ​ | ​
​ | ​ | As of
​ | ​ | September 30, 2020
Remainder of 2020 | $ | 542
2021 |  | 1,693
2022 | ​ | 1,288
2023 | ​ | 1,129
2024 | ​ | 894
Thereafter | ​ | 2,647
Amounts representing interest | ​ | (851)
Present value of net future minimum lease payments | $ | 7,342
​

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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