LEASES (Tables)

6 Months Ended

Jun. 30, 2020

LEASES

Summary of lease costs

	Three Months Ended				Six Months Ended
(In thousands)	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Lease cost
Operating lease cost	$	1,867	$	1,688	$	3,805	$	3,351
Sublease income		(11)		(15)		(22)		(39)
Total lease cost	$	1,856	$	1,673	$	3,783	$	3,312

Summary of supplemental cash flow and balance sheet information related to operating leases

	Six Months Ended
(Dollars in thousands)	June 30, 2020		June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	3,596	$	3,441
Operating right-of-use assets obtained in exchange for lease liabilities	$	—	$	39,825

	June 30, 2020			December 31, 2019
Weighted-average remaining lease term-operating leases		7.7	years	7.8	years
Weighted-average discount rate-operating leases (1)		3.20	%	3.20	%

1) The Company computes the present value of operating lease liabilities using its incremental borrowing rate as the discount rate.

Summary of maturities of operating lease liabilities

(In thousands)	June 30, 2020		December 31, 2019
2020	$	3,378	$	7,011
2021		6,878		6,974
2022		6,754		6,802
2023		5,853		5,853
2024		5,594		5,595
Thereafter		20,577		20,324
Total operating lease payments	$	49,034	$	52,559
Less: Interest		(5,903)		(6,582)
Present value of operating lease liabilities	$	43,131	$	45,977