LEASES (Tables)

3 Months Ended

Mar. 31, 2019

Right of Use Assets and Lease Liabilities

The following table presents the consolidated statements of condition classification of the Company’s ROU assets and lease liabilities as of March 31, 2019:



(in thousands)		March 31, 2019
Lease Right-of-Use Assets	Classification
Operating lease right-of-use assets	Other assets	$	8,810

Lease Liabilities
Operating lease liabilities	Other liabilities	8,836

Additional information regarding leases

For operating leases existing prior to January 1, 2019, the rate for the original lease term as of January 1, 2019 was used.



	March 31, 2019
Weighted-average remaining lease term
Operating leases	10 years

Weighted-average discount rate
Operating leases	3.37	%

Future minimum payments for leases

Future minimum payments for operating leases with initial or remaining terms of one year or more as of March 31, 2019 are, as follows:



(in thousands)	Operating Leases
Twelve Months Ended:
March 31, 2020	$	922
March 31, 2021	900
March 31, 2022	904
March 31, 2023	913
March 31, 2024	909
Thereafter	5,643
Total future minimum lease payments	10,191
Amounts representing interest	(1,355		)
Present value of net future minimum lease payments	$	8,836