LEASES (Tables)

9 Months Ended

Sep. 30, 2020

LEASES

Summary of lease costs

	Three Months Ended				Nine Months Ended
(In thousands)	September 30, 2020		September 30, 2019		September 30, 2020		September 30, 2019
Lease cost
Operating lease cost	$	1,898	$	1,679	$	5,703	$	5,030
Sublease income		(11)		(32)		(33)		(71)
Total lease cost	$	1,887	$	1,647	$	5,670	$	4,959

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

	Nine Months Ended
(Dollars in thousands)	September 30, 2020		September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	5,442	$	5,180
Operating right-of-use assets obtained in exchange for lease liabilities	$	5,716	$	39,825

	September 30, 2020			December 31, 2019
Weighted-average remaining lease term-operating leases		7.8	years	7.8	years
Weighted-average discount rate-operating leases (1)		3.00	%	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)	September 30, 2020		December 31, 2019
2020	$	1,834	$	7,011
2021		7,461		6,974
2022		7,341		6,802
2023		6,444		5,853
2024		6,190		5,595
Thereafter		24,067		20,324
Total operating lease payments	$	53,337	$	52,559
Less: Interest		(5,954)		(6,582)
Present value of operating lease liabilities	$	47,383	$	45,977