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LEASES (Tables)
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Summarizes Other Information Related to Operating Leases

The table below summarizes other information related to our operating leases as of:

 

 

June 30, 2024

 

 

December 31, 2023

 

Operating leases

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

11,452

 

 

$

12,485

 

Operating lease liabilities

 

 

12,110

 

 

 

13,128

 

 

 

 

 

 

 

Weighted average remaining lease term

 

 

 

 

 

 

Operating leases

 

7 years

 

 

7 years

 

Weighted average discount rate

 

 

 

 

 

 

Operating leases

 

 

2.29

%

 

 

2.28

%

Schedule of Minimum Future Lease Payments Under Non-Cancelable Operating Leases

The Company leases some of its banking facilities under non-cancelable operating leases expiring in various years through 2028 and thereafter. Minimum future lease payments under these non-cancelable operating leases as of June 30, 2024, are as follows:

Year Ended December 31,

 

Amount

 

2024

 

$

1,133

 

2025

 

 

2,134

 

2026

 

 

1,897

 

2027

 

 

1,735

 

2028

 

 

1,688

 

Thereafter

 

 

3,856

 

Total lease payments

 

 

12,443

 

Less: interest

 

 

(333

)

Present value of lease liabilities

 

$

12,110