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LEASES (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Leases Balance Sheet Information
Balance sheet information related to leases was as follows (in thousands):
 December 31, 2020December 31, 2019
Operating leases: 
Operating lease ROU assets$15,063 $9,755 
Operating lease liabilities$16,734 $10,174 
Additional information related to leases was as follows:
 December 31, 2020December 31, 2019
Weighted average remaining lease term (in years)15.812.2
Weighted average discount rate3.01 %3.82 %
Lease Expense
The components of lease cost were as follows (in thousands):
Years Ended December 31,
202020192018
Operating lease cost (1)
$2,193 $1,595 $1,764 
(1)Operating lease cost for the year ended December 31, 2018 was prior to the adoption of ASU 2016-02, and was therefore in accordance with ASC Topic 840.


Supplemental cash flow information related to leases was as follows (in thousands):
 Years Ended December 31,
20202019
Cash paid for amounts included in the measurement of the lease liabilities:
Operating cash flows for operating leases$1,479 $1,465 
ROU assets obtained in exchange for new operating lease liabilities (1)
$7,912 $1,205 
Lessee, Operating Lease, Liability, Maturity
Future minimum rental commitments due under non-cancelable operating leases at December 31, 2020 were as follows (in thousands):
Year ending December 31,
2021$1,831 
20221,518 
20231,379 
20241,225 
20251,220 
2026 and thereafter14,037 
Total lease payments (1)
21,210 
Less: Interest(4,476)
Present value of lease liabilities$16,734 
(1)Excludes $1.4 million of lease payments for a lease executed but not yet commenced. Lease will commence in 2021 with a lease term of 13.0 years.
Gross Rental Income
Gross rental income from these leases were as follows (in thousands):
 Years Ended December 31,
202020192018
Gross rental income$3,277 $2,991 $2,987 
Lessor, Operating Lease, Payments to be Received, Maturity
At December 31, 2020, non-cancelable operating leases with future minimum lease payments are as follows (in thousands):
Year ending December 31,
2021$3,021 
20222,064 
20231,718 
20241,415 
20251,148 
2026 and thereafter1,741 
Total lease payments$11,107