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LEASES (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of weighted-average remaining lease terms and discount rates
The weighted-average remaining lease term and the weighted-average discount rate for the Company's operating leases as of December 31, 2020 are as follows:
December 31, 2020
Weighted-average remaining lease term
Real estate leasehold interests28 years
Office leases6 years
Weighted-average remaining discount rate
Real estate leasehold interests4.9 %
Office leases3.8 %
Schedule of future minimum lease payments under operating leases
As of December 31, 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
2021$1,444 $471 $1,915 
20221,459 465 1,924 
20231,464 430 1,894 
20241,470 450 1,920 
20251,521 456 1,977 
2026 through 209235,206 624 35,830 
Total lease payments$42,564 $2,896 $45,460 
Less imputed interest(20,374)(330)(20,704)
Total$22,190 $2,566 $24,756 

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