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LEASES (Tables)
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Schedule of Summarizes Other Information Related to Operating Leases

The table below summarizes other information related to our operating leases as of:

 

 

June 30, 2023

 

 

December 31, 2022

 

Operating leases

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

12,450

 

 

$

12,896

 

Operating lease liabilities

 

 

13,088

 

 

 

13,520

 

 

 

 

 

 

 

Weighted average remaining lease term

 

 

 

 

 

 

Operating leases

 

7 years

 

 

8 years

 

Weighted average discount rate

 

 

 

 

 

 

Operating leases

 

 

2.05

%

 

 

2.00

%

 

Schedule of Minimum Future Lease Payments Under Non-Cancelable Operating Leases

The Company leases some of its banking facilities under non-cancelable operating leases expiring in various years through 2027 and thereafter. Minimum future lease payments under these non-cancelable operating leases as of June 30, 2023, are as follows:

Year Ended December 31,

 

Amount

 

2023

 

$

1,127

 

2024

 

 

2,200

 

2025

 

 

2,028

 

2026

 

 

1,793

 

2027

 

 

1,601

 

Thereafter

 

 

4,699

 

Total lease payments

 

 

13,448

 

Less: interest

 

 

(360

)

Present value of lease liabilities

 

$

13,088