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LEASES
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases LEASES
The following table shows finance lease right of use assets and finance lease liabilities as of December 31, 2022:
(In Thousands)Statement of Financial Condition classificationDecember 31, 2022December 31, 2021
Finance lease right of use assetsPremises and equipment, net$7,006 $7,435 
Finance lease liabilitiesLong-term borrowings7,783 7,963 
The following table shows the components of finance and operating lease expense for the year ended December 31, 2022.
(In Thousands)202220212020
 
Finance Lease Cost:
Amortization of right-of-use asset$429 $474 $199 
Interest expense244 257 212 
Operating lease cost285 297 318 
Total Lease Cost$958 $1,028 $729 
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)OperatingFinance
2023$265 $421 
2024255 427 
2025257 929 
2026260 387 
2027268 388 
2028 and thereafter2,300 8,888 
Total undiscounted cash flows3,605 11,440 
Discount on cash flows(897)(3,657)
Total lease liability$2,708 $7,783 
The following table shows the weighted average remaining lease term and weighted average discount rate for both operating and finance leases outstanding as of December 31, 2022.
OperatingFinance
Weighted-average term (years)17.0123.44
Weighted-average discount rate3.54 %3.20 %
Leases LEASES
The following table shows finance lease right of use assets and finance lease liabilities as of December 31, 2022:
(In Thousands)Statement of Financial Condition classificationDecember 31, 2022December 31, 2021
Finance lease right of use assetsPremises and equipment, net$7,006 $7,435 
Finance lease liabilitiesLong-term borrowings7,783 7,963 
The following table shows the components of finance and operating lease expense for the year ended December 31, 2022.
(In Thousands)202220212020
 
Finance Lease Cost:
Amortization of right-of-use asset$429 $474 $199 
Interest expense244 257 212 
Operating lease cost285 297 318 
Total Lease Cost$958 $1,028 $729 
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)OperatingFinance
2023$265 $421 
2024255 427 
2025257 929 
2026260 387 
2027268 388 
2028 and thereafter2,300 8,888 
Total undiscounted cash flows3,605 11,440 
Discount on cash flows(897)(3,657)
Total lease liability$2,708 $7,783 
The following table shows the weighted average remaining lease term and weighted average discount rate for both operating and finance leases outstanding as of December 31, 2022.
OperatingFinance
Weighted-average term (years)17.0123.44
Weighted-average discount rate3.54 %3.20 %