Lease Commitments (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of lease cost associated with both operating and financing leases

Total rent expense recorded during the three and nine month periods ended September 30, 2018 was $102,000 and $318,000, respectively.


	Three months ended		Nine months ended
	September 30, 2019		September 30, 2019
Lease cost
Financing lease cost:
Amortization of right-of-use asset	$	64	$	193
Interest expense		29		88
Operating lease cost		29		87
Total lease cost	$	122	$	368

Schedule of weighted average discount rates and the remaining term of the leases

The following table presents the weighted-average remaining lease term and discount rate for the leases outstanding at September 30, 2019.


	Operating		Financing
Weighted-average remaining term (years)	12.1		17.2
Weighted-average discount rate	3.45	%	3.60	%

Schedule of reconciliation to the discounted amount recorded on the consolidated balance sheets


	Operating		Financing
Weighted-average remaining term (years)	12.1		17.2
Weighted-average discount rate	3.45	%	3.60	%

The following table presents the undiscounted cash flows due related to operating and financing leases as of September 30, 2019, along with a reconciliation to the discounted amount recorded on the Consolidated Balance Sheets.


Undiscounted cash flows due:	Operating		Financing
Within 1 year	$	117	$	302
After 1 year but within 2 years		119		275
After 2 years but within 3 years		110		277
After 3 years but within 4 years		69		278
After 4 years but within 5 years		69		240
After 5 years		608		3,068
Total undiscounted cash flows		1,092		4,440
Discount on cash flows		(206)		(1,230)
Total lease liabilities	$	886	$	3,210