LEASES (Tables)

3 Months Ended

Mar. 31, 2021

LEASES

Lease Balance Sheet Location

The Company elected to not include short-term leases with initial terms of twelve months or less, on the Condensed Consolidated Balance Sheets, (in thousands).

		March 31,		December 31,
		2021		2020
Lease Right-of-Use Assets	Classification
Operating lease right-of-use assets	Other assets	$	10,699	$	11,341
Lease Liabilities	Classification
Operating lease liabilities	Other liabilities	$	13,241	$	13,970

Schedule Of Weighted Average Lease Term And Discount Rate

	March 31,		December 31,
	2021		2020
Weighted-Average Remaining Lease Term
Operating leases	4.59	years	4.79	years
Weighted-Average Discount Rate
Operating leases	3.03	%	3.04	%

Lease Costs

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

	Three Months Ended March 31,
	2021		2020
Lease Costs
Operating lease cost	$	752	$	801
Variable lease cost		412		461
Sublease income		—		(99)
Lease costs, net	$	1,164	$	1,163

Schedule of Minimum Lease Payments Due

The following table presents a maturity analysis of the Company’s operating lease liabilities on an annual basis for each of the next five years and total amounts thereafter as of March 31, 2021 (in thousands):

Year Ending December 31,	Operating Leases
2021(1)	$	2,487
2022		3,239
2023		2,937
2024		2,784
2025		1,783
Thereafter		876
Total future minimum lease payments		14,106
Less: imputed interest		(865)
Present value of net future minimum lease payments	$	13,241

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⁽¹⁾ Amount represents the remaining nine months of year.