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Leases | 9 Months Ended
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Sep. 30, 2020
Leases [Abstract] |
Leases | (14) Leases The Company recognized right-of-use assets totaling $4.3 million and $3.7 million and operating lease liabilities totaling $4.5 million and $3.9 million at September 30, 2020 and December 31, 2019, respectively. The lease liabilities recognized by the Company represent two leased branch locations and one loan production office. Rent expense for the operating leases has been amortized over a straight line basis for the remaining lease term. For the nine months ended September 30, 2020 and 2019, rent expense for the operating leases totaled $228,000 and $215,000, respectively. Variable lease components are expensed as incurred and are not included in the right-of-use assets and operating lease liabilities. The following table presents information regarding the Company’s operating leases:
| September 30, |  | December 31,
| 2020 |  | 2019
Weighted-average discount rate |  | 3.54% |  |  | 3.78%
Range of lease expiration dates |  | 3 - 15.5 years |  |  | 4.5 - 16 years
Range of lease renewal options |  | 5 - 20 years |  |  | 20 years
Weighted-average remaining lease term |  | 27.8 |  |  | 31.9 years
The following table presents the undiscounted annual lease payments under the terms of the Company's operating leases at September 30, 2020, including a reconciliation to the present value of operating lease liabilities recognized in the unaudited Consolidated Balance Sheets:
(In thousands) |  |
Fiscal Year-End |
2020 | $ | 64
2021 |  | 258
2022 |  | 261
2023 |  | 264
2024 |  | 270
Thereafter |  | 6,604
Total lease payments |  | 7,721
Less imputed interest |  | (3,209)
Total lease liabilities | $ | 4,512
The lease liabilities recognized include certain lease extensions as it is expected that the Company will use substantially all lease renewal options.

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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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