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Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Components of Lease Expense

The components of the lease expense are as follows:

 

 

 

For the three months

 

 

 

ended March 31,

 

(In thousands)

 

2020

 

 

2019

 

Operating lease cost

 

$

61

 

 

$

59

 

Finance lease cost

 

 

20

 

 

 

-

 

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

 

 

For the three months

 

 

 

ended March 31,

 

(In thousands)

 

2020

 

 

2019

 

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

 

 

 

 

 

 

 

 

     Operating cash flows from operating leases

 

$

56

 

 

$

48

 

     Operating cash flows from finance leases

 

 

20

 

 

 

-

 

     Financing cash flows from finance leases

 

 

18

 

 

 

-

 

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

 

 

 

 

 

 

 

 

 

(In thousands, except lease term and discount rate)

 

March 31, 2020

 

 

December 31, 2019

 

Operating Leases:

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

2,349

 

 

$

2,386

 

Operating lease liabilities

 

$

2,618

 

 

$

2,650

 

 

 

 

 

 

 

 

 

 

Finance Leases:

 

 

 

 

 

 

 

 

Financial Liability

 

$

581

 

 

$

578

 

 

 

 

 

 

 

 

 

 

Weighted Average Remaining Lease Term:

 

 

 

 

 

 

 

 

Operating Leases

 

19.45 years

 

 

19.58 years

 

   Finance Leases

 

29.17 years

 

 

29.42 years

 

 

 

 

 

 

 

 

 

 

Weighted Average Discount Rate:

 

 

 

 

 

 

 

 

Operating Leases

 

 

3.72

%

 

 

3.71

%

   Finance Leases

 

 

13.75

%

 

 

13.75

%

Maturities of Lease Liabilities

Maturities of lease liabilities were as follows:

 

Twelve Months Ending March 31,

 

 

 

 

(In thousands)

 

 

 

 

2021

 

$

114

 

2022

 

 

97

 

2023

 

 

102

 

2024

 

 

111

 

2025

 

 

120

 

Thereafter

 

 

2,655

 

Total minimum lease payments

 

$

3,199