Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.20.1
LEASES (Tables)
 3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Summary of lease expense and other information related to operating leases
Three Months Ended March 31,
(Dollars in Thousands) 2020 2019
Operating lease expense $ 156 $ 81
Short-term lease expense 79 35
Total lease expense $ 235 $ 116
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases $ 160 $ 83
Right-of-use assets obtained in exchange for new operating lease liabilities 5,092 1,928
Weighted-average remaining lease term — operating leases (in years) 15.4 7.4
Weighted-average discount rate — operating leases 2.4% 2.9%
Summary of maturity of remaining lease liabilities
The table below summarizes the maturity of remaining lease liabilities:
(Dollars in Thousands) March 31, 2020
2020 $ 909
2021 1,193
2022 1,044
2023 672
2024 630
2025 and thereafter 4,840
Total $ 9,288
Less: Interest (1,667)
Present Value of Lease liability $ 7,621