LEASES (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of Assets and Liabilities

The following table shows finance lease right of use assets and finance lease liabilities as of December 31, 2019:

(In Thousands)	Statement of Financial Condition classification	December 31, 2019
Finance lease right of use assets	Premises and equipment, net	$	5,456
Finance lease liabilities	Long-term borrowings	5,587

Schedule of Lease Cost, Term and Discount Rate

The following table shows the components of finance and operating lease expense for the year ended December 31, 2019.

(In Thousands)	2019
Finance Lease Cost:
Amortization of right-of-use asset	$	254
Interest expense	224
Operating lease cost	393
Total Lease Cost	$	871

The following table shows the weighted average remaining lease term and weighted average discount rate for both operating and finance leases outstanding as of December 31, 2019.

	Operating		Finance
Weighted-average term (years)	16.7		28.0
Weighted-average discount rate	3.46	%	3.76	%

Schedule of Operating Lease Liabillity Maturities

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

(In Thousands)	Operating			Finance
2020	$	382		$	281
2021	390			282
2022	397			283
2023	372			284
2024	362			290
2025 and thereafter	3,668			8,004
Total undiscounted cash flows	5,571			9,424
Discount on cash flows	(1,401		)	(3,837		)
Total lease liability	$	4,170		$	5,587

Schedule of Finance Lease Liabillity Maturities

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

(In Thousands)	Operating			Finance
2020	$	382		$	281
2021	390			282
2022	397			283
2023	372			284
2024	362			290
2025 and thereafter	3,668			8,004
Total undiscounted cash flows	5,571			9,424
Discount on cash flows	(1,401		)	(3,837		)
Total lease liability	$	4,170		$	5,587