LEASES (Tables)

3 Months Ended

Mar. 31, 2020

The Company elected to not include short-term leases with initial terms of twelve months or less, on the condensed consolidated balance sheet, (in thousands).


		March 31,
		2020
Lease Right-of-Use Assets	Classification
Operating lease right-of-use assets	Other assets	$	9,650

Lease Liabilities	Classification
Operating lease liabilities	Other liabilities	$	12,666


	March 31,
	2020
Weighted-Average Remaining Lease Term
Operating leases	4.74	years

Weighted-Average Discount Rate
Operating leases	3.72	%

Lease Costs

The following table represents the Company’s net lease costs, (in thousands):


	Three Months Ended March 31,
	2020		2019
Lease Costs
Operating lease cost	$	801	$	783
Variable lease cost		461		388
Sublease income		(99)		(99)
Lease costs, net	$	1,163	$	1,072

Schedule of Minimum Lease Payments Due


Twelve Months Ended	Operating Leases
March 31, 2021	$	3,273
March 31, 2022		2,756
March 31, 2023		2,666
March 31, 2024		2,254
March 31, 2025		2,139
Thereafter		743
Total future minimum lease payments	$	13,831
Less: Imputed interest		(1,165)
Present value of net future minimum lease payments	$	12,666