Note 7 – Leases

The following table details the Company’s right of use asset and the corresponding lease liability for the Company’s operating leases as of June 30, 2019 and the affected line item on the Consolidated Balance Sheet(in thousands):

Lease Type	Balance at June 30, 2019		Affected line item on the Consolidated Balance Sheet
Right of Use Assets
Operating	$	1,307	Other Assets

Lease Liabilities:
Operating	$	1,311	Other Liabilities

The following table provides information related to the Company’s lease costs for the three and six months ended June 30, 2019 (in thousands):

	June 30, 2019
Lease Cost	Three months Ended		Six Months Ended
Operating lease cost	$	85	$	170
Variable lease cost		21		44
Total lease cost	$	106	$	214

The following table displays the weighted average remaining lease term and the weighted average discount rate for the Company’s operating leases outstanding as of June 30, 2019:

	Operating
Weighted average term (years)	6.28
Weighted average discount rate	3.13%

The following table provides the undiscounted cashflows related to operating leases as of June 30, 2019 along with a reconciliation to the discounted amount recorded on the June 30, 2019 Consolidated Balance Sheet (in thousands):

Undiscounted cash flows due within	Operating
Remaining 2019	$	167
2020		279
2021		238
2022		230
2023		142
2024		105
2025 and thereafter		291
Total undiscounted cash flows		1,452
Impact of present value discount		( 145	)
Amount reported on balance sheet	$	1,307