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LEASES (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Summarizes Other Information Related to Operating Leases

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

 

 

December 31, 2024

 

 

December 31, 2023

 

Operating leases

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

11,635

 

 

$

12,485

 

Operating lease liabilities

 

 

12,300

 

 

 

13,128

 

 

 

 

 

 

 

Weighted average remaining lease term

 

 

 

 

 

 

Operating leases

 

7 years

 

 

7 years

 

Weighted average discount rate

 

 

 

 

 

 

Operating leases

 

 

2.45

%

 

 

2.28

%

The Company leases some of its banking facilities under non-cancelable operating leases expiring in various years through 2029 and thereafter.
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 2029 and thereafter. Minimum future lease payments under these non-cancelable operating leases as of December 31, 2024, are as follows:

Year Ended December 31,

 

Amount

 

2025

 

$

2,303

 

2026

 

 

2,068

 

2027

 

 

1,906

 

2028

 

 

1,859

 

2029

 

 

1,308

 

Thereafter

 

 

3,261

 

Total lease payments

 

 

12,705

 

Less: interest

 

 

(405

)

Present value of lease liabilities

 

$

12,300