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LEASES (Tables)
9 Months Ended
Sep. 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:

 

 

September 30, 2023

 

 

December 31, 2022

 

Operating leases

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

11,997

 

 

$

12,896

 

Operating lease liabilities

 

 

12,643

 

 

 

13,520

 

 

 

 

 

 

 

Weighted average remaining lease term

 

 

 

 

 

 

Operating leases

 

7 years

 

 

8 years

 

Weighted average discount rate

 

 

 

 

 

 

Operating leases

 

 

2.09

%

 

 

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 September 30, 2023, are as follows:

Year Ended December 31,

 

Amount

 

2023

 

$

563

 

2024

 

 

2,212

 

2025

 

 

2,043

 

2026

 

 

1,806

 

2027

 

 

1,615

 

Thereafter

 

 

4,715

 

Total lease payments

 

 

12,954

 

Less: interest

 

 

(311

)

Present value of lease liabilities

 

$

12,643