Note 12: Commitments and Contingencies Unfunded Commitments The Company is a party to credit-related financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include un-advanced lines of credit and standby letters of credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the balance sheet. The contractual amount of these commitments represents the Companys exposure to credit loss. The Company uses the same credit policies in making commitments as it does for on-balance-sheet instruments. The table below shows the outstanding financial instruments whose contract amounts represent credit risk (dollars in thousands):      Contract Amount at:  March 31, 2020 December 31, 2019  Undisbursed loans $ 3,080 $ 1,999 Undisbursed loans are commitments for possible future extensions of credit to existing customers. These loans are sometimes unsecured and the borrower may not necessarily draw upon the line the total amount of the commitment. Commitments to extend credit are generally at variable rates. Contingencies In the normal course of business, the Company may become involved in various legal proceedings. As of March 31, 2020 , the Company is a defendant in a wrongful termination of employment lawsuit. The Company is contesting the claim and at March 31, 2020 , the Companys liabilities include an accrual of $16 thousand for litigation-related expenses incurred in connection with this claim. Although the Company believes that it will prevail on the merits, the litigation could be a lengthy process, and management cannot predict the ultimate outcome. Operating Leases The Company has lease agreements for its offices in Brea and Fresno, California. The Company renewed its Brea office lease in January 2019 for an additional five -year term. The lease does not contain any additional options to renew. The Fresno office lease was scheduled to expire at March 31, 2020. In March, the Company signed an agreement to extend the lease for two additional years to March 31, 2022. The Company has determined that both leases are operating leases. Beginning on January 1, 2019, the Company has recorded right-of-use assets and lease liabilities in accordance with ASU 2016-02. The Company has elected not to reassess expired or existing leases for changes in classification. The Company has elected not to use hindsight to determine the term of existing leases and is using the term of the current lease agreements in its right-of-use asset calculations. As the interest rates implicit in the leases were not readily available, the Company used its incremental borrowing rates to determine the discount rates used in the asset calculations. The table below presents information regarding our existing operating leases (dollars in thousands):    For the  Three months ended Year ended  March 31, December 31,  2020 2019 2019  Lease cost  Operating lease cost $ 44 $ 43 $ 174  Other information  Cash paid for operating leases 42 41 164  Right-of-use assets obtained in exchange for operating lease liabilities 53 680 680  Weighted average remaining lease term (in years) 3.32 4.60 3.96  Weighted-average discount rate 4.61 % 4.78 % 4.77 %  Future minimum lease payments and lease costs for the twelve months ending March 31, are as follows (dollars in thousands):    Lease Payments Lease Costs  2021 $ 170 $ 174  2022 175 174  2023 151 146  2024 116 110  Total $ 612 $ 604