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:  September 30, 2020 December 31, 2019  Undisbursed loans $ 2,323 $ 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 I n the normal course of business, the Company may become involved in various legal proceedings. As of September 30, 2020 , the Company was a defendant in a wrongful termination of employment lawsuit. On October 16, 2020, the Company reached a settlement agreement with the plaintiff. Under the terms of the agreement, the Company is not liable for any settlement payments. 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. In March 2020, the Company signed an agreement to extend the Fresno office 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. Right-of-use assets included in Other Assets were $478 thousand and $536 thousand at September 30, 2020 and December 31, 2019 , respectively. Lease liabilities included in Other Liabilities were $490 thousand and $545 thousand at September 30, 2020 and December 31, 2019 , respectively. The table below presents information regarding our existing operating leases (dollars in thousands):    For the  Three months ended Nine months ended Year ended  September 30, September 30, December 31,  2020 2019 2020 2019 2019  Lease cost  Operating lease cost $ 44 $ 43 $ 131 $ 130 $ 174  Other information  Cash paid for operating leases 43 41 127 123 164  Right-of-use assets obtained in exchange for operating lease liabilities   53 680 680  Weighted average remaining lease term (in years) 2.79 4.17 2.79 4.17 3.96  Weighted-average discount rate 4.60 % 4.77 % 4.60 % 4.77 % 4.77 %  Future minimum lease payments and lease costs for the twelve months ending September 30, are as follows (dollars in thousands):    Lease Payments Lease Costs  2021 $ 172 $ 174  2022 163 160  2023 154 146  2024 39 37  Total $ 528 $ 517