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LEASES (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Schedule of weighted-average remaining lease terms and weighted-average discount rates
The weighted-average remaining lease term and the weighted-average discount rate for the Company's operating leases as of June 30, 2020 are as follows:
June 30, 2020
Weighted-average remaining lease term
Real estate leasehold interests28 years
Office leases7 years
Weighted-average remaining discount rate
Real estate leasehold interests4.9 %
Office leases3.8 %
Schedule of future minimum lease payments
As of June 30, 2020, the future minimum lease payments under the Company's operating leases, for which the Company is a lessee, are as follows (in thousands):
Year Ending December 31,Real Estate Leasehold InterestsOffice LeasesTotal
Remainder of 2020$715  $205  $920  
20211,444  471  1,915  
20221,459  465  1,924  
20231,464  430  1,894  
20241,470  450  1,920  
2025 through 209236,728  1,080  37,808  
Total lease payments$43,280  $3,101  $46,381  
Less imputed interest(20,905) (381) (21,286) 
Total$22,375  $2,720  $25,095  
As of December 31, 2019, the future minimum lease payments under the Company's operating leases, for which the Company is a lessee, are as follows (in thousands):
Year Ending December 31,Real Estate Leasehold InterestsOffice LeasesTotal
2020$1,419  $286  $1,705  
20211,444  387  1,831  
20221,459  381  1,840  
20231,464  346  1,810  
20241,470  353  1,823  
2025 through 209236,728  691  37,419  
Total lease payments$43,984  $2,444  $46,428  
Less imputed interest(21,440) (323) (21,763) 
Total$22,544  $2,121  $24,665