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LEASES (Tables)
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Schedule of Summarizes Other Information Related to Operating Leases

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

 

 

March 31, 2021

 

 

December 31, 2020

 

Operating leases

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

14,181

 

 

$

13,291

 

Operating lease liabilities

 

 

14,485

 

 

 

13,539

 

 

 

 

 

 

 

 

 

 

Weighted average remaining lease term

 

 

 

 

 

 

 

 

Operating leases

 

9 years

 

 

9 years

 

Weighted average discount rate

 

 

 

 

 

 

 

 

Operating leases

 

 

2.07

%

 

 

2.19

%

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 2025 and thereafter. Minimum future lease payments under these non-cancelable operating leases in excess of one year as of March 31, 2021, are as follows:

 

Year Ended December 31,

 

Amount

 

2021

 

$

1,608

 

2022

 

 

1,970

 

2023

 

 

1,908

 

2024

 

 

1,865

 

2025

 

 

1,721

 

Thereafter

 

 

6,508

 

Total lease payments

 

 

15,580

 

Less: interest

 

 

(1,095

)

Present value of lease liabilities

 

$

14,485