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Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Summary of Lease Assets and Liabilities

The following table represents the consolidated balance sheet classification of the Company’s ROU assets and lease liabilities. The Company elected not to include short-term leases (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the consolidated balance sheet (in thousands):


				June 30,			December 31,
		Classification		2020			2019
Assets:
Operating lease right-of-use assets		Other assets		$	5,522		$	5,470
Liabilities:
Operating lease liabilities		Other liabilities		$	5,543		$	5,479

Summary of Lease Costs and Other Information

The following table represents lease costs and other lease information, in thousands. As the Company elected, for all classes of underlying assets, not to separate lease and non-lease components and instead to account for them as a single

lease component, the variable lease cost primarily represents variable payments such as common area maintenance (in thousands).


		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2020			2019			2020			2019
Lease costs:
Operating lease costs		$	270		$	157		$	507		$	315
Short-term lease costs			—			5			—			11
Variable lease costs			29			23			55			46
Total		$	299		$	185		$	562		$	372
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	265		$	150		$	495		$	302

Summary of Future Minimum Payments

Future minimum payments for operating leases with initial or remaining terms of one year or more as of June 30, 2020, were as follows (in thousands):


		Amounts
June 30, 2021		$	529
June 30, 2022			932
June 30, 2023			754
June 30, 2024			492
June 30, 2025			366
Thereafter			3,381
Total future minimum lease payments			6,454
Amounts representing interest			(911)
Present value of net future minimum lease payments		$	5,543