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Leases (Tables)
12 Months Ended
Dec. 31, 2020
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):

Years Ended December 31, 

Lease Costs

2020

    

2019

Operating lease costs

$

2,524

$

2,364

Variable lease costs

 

416

 

432

Short-term lease costs

35

84

Sublease income

Net lease cost

$

2,975

$

2,880

Other information

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

Operating lease cash flows – Fixed payments

$

2,526

$

2,296

Operating lease cash flows – Liability reduction

2,289

 

2,010

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

743

923

Weighted average lease term (in years)

5.93

7.20

Weighted average discount rate

2.82

%

3.08

%

Schedule of future undiscounted lease payments

Future undiscounted lease payments with initial terms of one year or more as of December 31, 2020, are as follows (dollars in thousands):

As of

December 31, 

    

2020

2021

$

1,983

2022

 

1,555

2023

1,358

2024

957

2025

840

Thereafter

1,792

Amounts representing interest

(728)

Present value of net future minimum lease payments

$

7,757