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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Schedule of Assets and Liabilities
The following table shows finance lease right of use assets and finance lease liabilities as of March 31, 2019:
(In Thousands)
 
Statement of Financial Condition classification
 
March 31, 2019
Finance lease right of use assets
 
Premises and equipment, net
 
$
5,960

Finance lease liabilities
 
Long-term borrowings
 
$
6,006

Schedule of Lease Cost, Term and Discount Rate
The following table shows the weighted average remaining lease term and weighted average discount rate for both operating and finance leases outstanding as of March 31, 2019.
 
 
Operating
 
Finance
Weighted-average term (years)
 
18.3

 
28.0

Weighted-average discount rate
 
3.49
%
 
3.73
%
The following table shows the components of finance and operating lease expense for the three months ended March 31, 2019:
 
 
Three Months Ended March 31,
(In Thousands)
 
2019
 
 
 
Finance Lease Cost:
 
 
Amortization of right-of-use asset
 
$
65

Interest expense
 
56

Operating lease cost
 
88

Variable lease cost
 
1

Total Lease Cost
 
$
210

Schedule of Operating Lease Liabillity Maturities
A maturity analysis of operating and finance lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows:
(In Thousands)
 
Operating
 
Finance
2019
 
$
274

 
$
243

2020
 
370

 
318

2021
 
378

 
320

2022
 
385

 
321

2023
 
360

 
322

2024 and thereafter
 
3,969

 
8,494

Total undiscounted cash flows
 
5,736

 
10,018

Discount on cash flows
 
(1,495
)
 
(4,012
)
Total lease liability
 
$
4,241

 
$
6,006

Schedule of Finance Lease Liabillity Maturities
A maturity analysis of operating and finance lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows:
(In Thousands)
 
Operating
 
Finance
2019
 
$
274

 
$
243

2020
 
370

 
318

2021
 
378

 
320

2022
 
385

 
321

2023
 
360

 
322

2024 and thereafter
 
3,969

 
8,494

Total undiscounted cash flows
 
5,736

 
10,018

Discount on cash flows
 
(1,495
)
 
(4,012
)
Total lease liability
 
$
4,241

 
$
6,006