Annual report pursuant to Section 13 and 15(d)

LEASES (Table)

v3.19.3.a.u2
LEASES (Table)
 12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Lease expense and other information related to the Company's operating leases
Year Ended
(Dollars in Thousands) 2019
Operating lease expense $ 325
Short-term lease expense 120
Total lease expense $ 445
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases $ 331
Right-of-use assets obtained in exchange for new operating lease liabilities 1,739
Weighted-average remaining lease term — operating leases (in years) 6.8
Weighted-average discount rate — operating leases 2.9%
Maturity of remaining lease liabilities
The table below summarizes the maturity of remaining lease liabilities:
(Dollars in Thousands) December 31, 2019
2020 $ 458
2021 424
2022 417
2023 398
2024 382
2025 and thereafter 703
Total $ 2,782
Less: Interest (269)
Present Value of Lease liability $ 2,513