LEASES (Tables)

6 Months Ended

Jun. 30, 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).

		June 30,		December 31,
		2021		2020
Lease Right-of-Use Assets	Classification
Operating lease right-of-use assets	Other assets	$	10,064	$	11,341
Lease Liabilities	Classification
Operating lease liabilities	Other liabilities	$	12,525	$	13,970

Schedule Of Weighted Average Lease Term And Discount Rate

	June 30,		December 31,
	2021		2020
Weighted-Average Remaining Lease Term
Operating leases	4.38	years	4.79	years
Weighted-Average Discount Rate
Operating leases	3.02	%	3.04	%

Lease Costs

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Lease Costs
Operating lease cost	$	731	$	814	$	1,483	$	1,615
Variable lease cost		416		498		828		959
Sublease income		—		(100)		—		(199)
Lease costs, net	$	1,147	$	1,212	$	2,311	$	2,375

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 June 30, 2021 (in thousands):

Year Ending December 31,	Operating Leases
2021(1)	$	1,676
2022		3,239
2023		2,937
2024		2,784
2025		1,783
Thereafter		876
Total future minimum lease payments		13,295
Less: imputed interest		(770)
Present value of net future minimum lease payments	$	12,525

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