Leases (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Operating Lease Right-of-use Asset and Operating Liability

The following table presents the operating lease right-of-use asset and operating lease liability as of March 31, 2019 (in thousands):



	Classification in the Consolidated Balance Sheet	March 31, 2019
Operating lease right-of-use asset	Other assets	$	360
Operating lease liability	Accrued interest payable and other liabilities	359

Schedule of Lease Cost and Additional Information Related to Operating Leases

The following table presents the weighted average remaining operating lease term and the weighted average discount rate for operating leases as of March 31, 2019 (dollars in thousands):



	March 31, 2019
Weighted average remaining lease term, in years	3.3
Weighted average discount rate	2.79	%

The following table presents the components of operating lease expense and supplemental cash flow information for the three months ended March 31, 2019 (in thousands):



	Three Months Ended
	March 31, 2019		March 31, 2018
Lease Expense
Operating lease expense	$	33	$ N/A
Short-term lease expense	2		N/A
Total lease expense ⁽¹⁾	$	35	$	39

Cash paid for amounts included in lease liability	$	34	$ N/A


(1)	Included in occupancy expense in the Company's consolidated statements of income.

Schedule of Maturity of Undiscounted Cash Flows

The following table presents a maturity schedule of undiscounted cash flows that contribute to the operating lease liability as of March 31, 2019 (in thousands):



	March 31, 2019
Nine months ending December 31, 2019	$	102
Twelve months ending December 31, 2020	112
Twelve months ending December 31, 2021	89
Twelve months ending December 31, 2022	65
Twelve months ending December 31, 2023	8
Total undiscounted cash flows	$	376
Less: discount	(17		)
Operating lease liability	$	359