XML 46 R38.htm IDEA: XBRL DOCUMENT v3.24.0.1
PREMISES AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Schedule of Premises and Equipment Including Finance Lease Right of Use Assets

The following table presents premises and equipment as of December 31,

 

(In thousands)

 

2023

 

 

2022

 

Land and land improvements

 

$

6,881

 

 

$

6,853

 

Buildings

 

 

12,259

 

 

 

12,332

 

Furniture and equipment

 

 

27,085

 

 

 

25,484

 

Leasehold improvements

 

 

15,101

 

 

 

14,891

 

Projects in progress

 

 

1,817

 

 

 

1,046

 

 

 

 

63,143

 

 

 

60,606

 

Less: accumulated depreciation

 

 

38,977

 

 

 

36,775

 

Total

 

$

24,166

 

 

$

23,831

 

The following table presents finance lease right-of-use assets as of December 31,

 

(In thousands)

 

2023

 

 

2022

 

Land and buildings

 

$

11,237

 

 

$

11,237

 

Less: accumulated depreciation

 

 

9,150

 

 

 

8,402

 

Total

 

$

2,087

 

 

$

2,835

 

Schedule of Future Minimum Lease Payments Under Finance Lease Right-of-Use Asset

The following is a schedule by year of future minimum lease payments under finance lease right-of-use asset, together with the present value of net minimum lease payments as of December 31, 2023:

 

(In thousands)

 

 

 

2024

 

$

1,456

 

2025

 

 

939

 

2026

 

 

215

 

2027

 

 

226

 

2028

 

 

226

 

Thereafter

 

 

677

 

Total minimum lease payments

 

 

3,739

 

Less: amount representing interest

 

 

309

 

Present value of net minimum lease payments

 

$

3,430