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COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2021
COMMITMENTS AND CONTINGENCIES  
Schedule of weighted-average term and discount rates for operating and finance leases

The following table displays the weighted-average term and discount rates for operating and finance leases outstanding as of December 31, 2021 and 2020.

    

December 31, 

December 31, 

 

December 31, 

December 31, 

 

2021

2020

2021

2020

Operating

 

      

Operating

Finance

 

      

Finance

Weighted-average term (years)

 

24.51

 

25.09

1.67

 

5.55

Weighted-average discount rate

 

3.89%

 

3.86%

0.68%

 

0.88%

Schedule of maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows

A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows:

(Dollars in thousands)

December 31, 

December 31, 

December 31, 

December 31, 

 

2021

 

2020

 

2021

 

2020

Minimum Lease Payments due:

Operating

Operating

Finance

Finance

Within one year

$

120

$

140

$

10

$

19

After one but within two years

 

68

 

86

 

7

 

19

After two but within three years

 

68

 

68

 

 

15

After three but within four years

 

68

 

68

 

 

9

After four but within five years

 

68

 

68

 

 

9

After five years

 

2,190

 

2,258

 

 

16

Total undiscounted cash flows

 

2,582

 

2,688

 

17

 

87

Discount on cash flows

 

(1,083)

 

(1,175)

 

(1)

 

(3)

Total lease liability

$

1,499

$

1,513

$

16

$

84