LEASES (Tables)

12 Months Ended

Dec. 31, 2019

LEASES

Schedule of future minimum lease payments due

The Company has operating leases for its corporate offices and branches that expire at various times through 2034.  Future minimum lease payments under the leases for years subsequent to December 31, 2019 are as follows:

	Total Lease Payments
	(dollars in thousands)
2020	$	1,071
2021		1,097
2022		1,128
2023		1,063
2024		996
Years thereafter		6,400
	$	11,755

Schedule of lease expense

The components of lease expense were as follows (dollars in thousands):

	December 31,
	2019
Operating lease cost	$	1,054

Schedule of supplemental cash flow information

Supplemental cash flow information related to leases was as follows:

	December 31,
	2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,054
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		8,596

Schedule of remaining weighted average lease terms and discount rates

The following table presents the remaining weighted average lease terms and discount rates as of December 31, 2019:

Weighted Average Remaining Lease Term
Operating leases	6.8	years
Weighted Average Discount Rate
Operating leases	6.0	%

Schedule of maturities of lease liabilities

Maturities of lease liabilities were as follows:

	Operating
(In thousands)	Leases
Year Ending December 31,
2020	$	580
2021		642
2022		714
2023		693
2024		665
Thereafter		5,150
Lease payments		8,444
Amounts representing interest		(269)
Present Value of Net Future Minimum Lease Payments		8,175