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LEASES (Tables)
6 Months Ended
Jun. 30, 2020
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, 2020

 

 

December 31, 2019

 

Operating leases

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

11,349

 

 

$

11,554

 

Operating lease liabilities

 

 

11,549

 

 

 

11,675

 

 

 

 

 

 

 

 

 

 

Weighted average remaining lease term

 

 

 

 

 

 

 

 

Operating leases

 

9 years

 

 

10 years

 

Weighted average discount rate

 

 

 

 

 

 

 

 

Operating leases

 

 

2.59

%

 

 

2.69

%

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 2024 and thereafter.  Minimum future lease payments under these non-cancelable operating leases in excess of one year as of June 30, 2020, are as follows:

 

Year Ended December 31,

 

Amount

 

2020

 

$

900

 

2021

 

 

1,567

 

2022

 

 

1,409

 

2023

 

 

1,374

 

2024

 

 

1,373

 

Thereafter

 

 

6,467

 

Total lease payments

 

 

13,090

 

Less: interest

 

 

(1,541

)

Present value of lease liabilities

 

$

11,549