LEASES (Tables)

3 Months Ended

Mar. 31, 2020

LEASES

Schedule of balance sheet location

	Statement of
	Financial Condition
	Location		3/31/2020		12/31/2019
			(in thousands)
Operating Lease Right of Use Asset:
Gross Carrying Amount		$	8,824	$	8,857
Accumulated Amortization			(802)		(662)
Net Book Value	Operating lease right of use asset	$	8,022	$	8,195
Operating Lease Liabilities
Right of use lease obligations	Operating lease liability	$	8,210	$	8,350

Schedule of lease cost and other information

	Three Months Ended
		3/31/2020		3/31/2019
		(in thousands)
Lease Cost:
Operating lease cost	$	140	$	111
Total lease cost	$	140	$	111
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	102	$	130

Schedule of future minimum payments under operating leases

	As of March 31, 2020
		(in thousands)
Twelve months ended March 31,
2020	$	533
2021		521
2022		527
2023		531
2024		545
Thereafter		18,847
Total undiscounted lease payments	$	21,504
Amounts representing interest		(13,294)
Lease liability	$	8,210